If you rent a house or apartment, your landlord’s insurance will only cover the costs of repairing the building if there is a fire or other disaster. As a renter you should have coverage, known as renters or tenants insurance in order to financially protect yourself and your belongings.
Renters
Renters insurance includes three important types of financial protection:
- Coverage for Personal Possessions
- Liability Protection
- Additional Living Expenses
The following checklist can help you choose the right coverage when you are shopping around for renters insurance or speaking with an insurance agent or company representative.
http://www.iii.org/articles/renters-insurance-checklist.html
FAQ'S
Can this policy also cover any property that is in storage?
Yes, coverage does extend to personal items located in a storage facility, up to 10% of your personal property coverage.
What's covered, and for how much?
Renters insurance covers all the property in your home. –clothing, furniture, computers, electronics, jewelry, art and appliances. The cost depends on how much coverage you need, the type of coverage you choose, the amount of your deductible and the location of your rented home/apartment
I live with roommates, is renters insurance really necessary?
Absolutely. Your personal belongings are separate from theirs and need to be covered as such.
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