When most people think of insurance coverage for a living space, they typically think about covering a house that they own. However, many families live in rented homes, apartments, and other spaces they don’t own, and what they don’t realize is that renters insurance is just as important as homeowners insurance.
- Renters insurance typically covers personal property. Every renters insurance policy is different, but there are key similarities in terms of what is covered between most policies. For example, this type of policy will typically cover any personal property that you have if it were to get damaged or ruined in a covered loss. Replacing furniture, appliances, clothing, and any other personal items can be a major expense and financial burden, so it’s important to have a policy that will lighten that burden in a covered loss.
- Renters insurance might also cover personal liability coverage. Another common coverage for most renters insurance policies is personal liability coverage. This refers to covering any injuries caused by an accident in your rented space. Accidents happen, and to minimize the amount of damage control you’ll be responsible for following an accident, it helps to have a good policy in place to provide you with the coverage you need.
Finding the right renters insurance policy for your unique situation can be a challenge, and the world of insurance is complex. We here at Innovative Insurance Group make the insurance policy hunt easier by working with you to find policy options that provide you with your desired coverage according to your specifications and requirements. Call us today if you need renters insurance but don’t know where to start.