Not owning your home doesn’t make insurance less important. You care about the belongings inside your rental, right? It might surprise you to know that your landlord’s insurance policy doesn’t cover your belongings. The landlord’s insurance provider will pay to repair or rebuild your rental unit, but won’t pay for your damaged or stolen property. That could include your furniture, electronics, clothing, jewelry, collectibles and more. If something were to happen and you didn’t have renters’ insurance, you would likely be on your own when it comes to replacing your property.
Insure Your Property in a Rental Unit
Though renters’ insurance is sometimes called apartment insurance, it can apply to any type of dwelling that you inhabit that you are renting. For example, you could rent a condominium, a town house, even a single family home. Depending on the type of dwelling and where your property is located, you may have to let your insurance agent know if you have a garage or a storage locker, as it could impact how much coverage you should have for your property.
How much you pay for renters’ insurance will depend on the value of the contents of your apartment. When you talk with your agent, they can help you to estimate what your property is worth. That way should something happen, you will reimbursed for the appropriate amount as compensation for your stuff.
Additionally, most renters insurance policies also provide liability coverage, which offers you financial protection in the event that someone is accidentally injured in your rental property – depending on the incident, your landlord might not be the only one on the hook.
Get Savings with Bundles & Discounts
Find out how affordable renters insurance coverage can be. At ABC Insurance, we offer an assortment of policies and some discounts are available when you bundle your renters’ insurance with other policies, such as an auto insurance policy. You could also get additional discounts on your renters insurance if your apartment has a security entrance or extra safety features like a sprinkler system. Ask your agent about what potential discounts could be applied to your policy.
Contact Us for Your No Obligation Renters’ Insurance Quote
Call us today to make an appointment or visit our local office in Strum, WI, for a consultation with one of our experienced insurance agents. We can help you find the right coverage for your rental and your renters’ insurance needs. Contact us now to get started!