Renter’s Insurance

Renter’s Insurance Renter’s insurance is property insurance that provides coverage for a policyholder’s belongings, liabilities, and possibly living expenses in case of a loss event. It is available to persons renting or subletting a single family home, apartment, duplex, condo, studio, loft, or townhouse or home. It protects you from unexpected circumstances such as theft, a fire or sewer backup damage and will pay you for lost or damaged possessions. It can also help protect you from liability if someone is injured on your property. The policy protects against losses to the tenant’s personal property within the rented property. In addition, a renter’s insurance policy protects against losses resulting from liability claims, such as injuries occurring on the premises that are not due to a structural problem with the property. A practical example how rental insurance; if a flood or fire destroys all the personal property within a rented apartment, the structure would be covered under the landlord’s policy, but the personal property would only be covered through a renter’s insurance policy. Without this coverage, the tenant would be responsible for the loss out of pocket. Therefore renter's insurance doesn't cover floods or earthquakes. To get a renters insurance quote, you'll need to know a few things. First, some personal information, such as your full name, date of birth and the number of people living full time in your home or apartment is needed to help determine your coverage, deductible and policy cost. Second, any specific details about your home or apartment to help you get a more accurate quote. These details may be related to safety features like deadbolt locks and fire extinguishers, your previous insurance history and additional protections for more expensive belongings, such as computers and jewelry. Although it isn't a legal requirement, some landlords require proof of renter's insurance before they hand over the keys. #benewinsurance #insurtech #inclusiveinsurance #insurance #reinsurance #takaful