RENTAL INSURANCE

Protect your personal belongings with our reliable rental insurance coverage. Whether you’re renting a home or an apartment, we’ve got you covered against unexpected damages and losses.

Did you know that there are more than 11 million renters in the United States, and according to statistics from the Rental Protection Agency, a new housing unit is rented every few seconds?

Renters insurance offers financial protection in cases where the property you are renting gets damaged, becomes uninhabitable due to a catastrophic event like a fire or storm, or if someone sustains an injury on the premises. This form of insurance can be referred to as “Renters Insurance”.

Renters insurance can cover three aspects of your life:

You and the individuals who visit your home.
Your personal belongings.
The dwelling itself: your home.

Standard homeowner’s insurance offers restricted coverage for rental properties, necessitating a distinct landlord’s policy. For instance, if a fire erupts in your kitchen, your landlord’s insurance will address damage to the apartment’s floor and ceiling, yet the expense of replacing appliances will be your responsibility. In a more severe scenario, if a fragment of ceiling plaster falls onto a visitor’s foot, the landlord’s insurance will handle the ceiling repair, but not the medical costs associated with your friend’s injury.

What does Rental Insurance cover?

Rental insurance encompasses three primary areas:

Personal Liability: If someone injures themselves, like breaking an arm from slipping on a spilled drink, and seeks compensation for medical expenses, this coverage can safeguard you.
Personal Property: This coverage aids in reclaiming costs for belongings that are lost or damaged across various scenarios and circumstances.
Additional Living Expenses: Many Renters Insurance policies include coverage for extra living costs if you can’t inhabit your rented space. Some even reimburse the additional money spent on necessities such as food, laundry, and transportation due to an unexpected relocation.