Renter’s insurance protects your belongings and living space!
From the kitchen to the living room to your favorite sweater, most roommates share everything. Roommates are often the siblings you never asked for (or got), but there’s a mutual likeness when sharing a living space with another human being day in and day out.
Whether you watch reruns of The Voice together every night, or stay in your room to avoid awkward small chat, many roommates think that if one of you has renter’s insurance, the coverage extends to the entire apartment and all of the contents.
This is a costly misconception. Renter’s insurance protects the property of the people listed on the policy. Unless your roommate is listed as an additional insured on your insurance policy (or is a domestic partner, spouse, or a member of your family), their things will not be covered.
Here’s the lowdown on renter’s insurance for roommates:
A roommate does ...
What you need to know about your renters insurance policy.
Renting a house is a great way to have a space of your own without having to worry about all the upkeep that comes with owning the property. However, just like a homeowner, you also have to consider which insurance options will work to keep you and your personal belongings safe. Consider these situations when it comes to finding the right renters insurance policy that will fit your needs.
You have a flood – if an upstairs toilet starts to overflow, it will just be a matter of hours before the water makes its way downstairs. No matter what type of interior flood you experience, you can feel safe knowing that your renters insurance policy will cover any damage the water causes to your assets and home.
You have a fire – a fire can start in just seconds and make its ...
Get your college student the proper insurance coverage in Oakley, California.
While aiding your college kid out of the family home and into the college dorm, be sure that they are protected with insurance. Before they head off, check your current insurance policies to make sure that your child has adequate protection while away from home.
If your student is living in the college dormitory, their possessions may be covered by your homeowners policy for named perils such as fire, theft, vandalism, and natural disasters, although the limits may vary. Your current homeowners policy will not cover your student if they are living in an apartment, and renters insurance will need to be acquired. All students take expensive electrical equipment with them, such as laptops, TVs, smartphones, and laptops. The cost of these items add up extremely quickly so adequate coverage is attained so that there is no financial hardship ...
Renter's Insurance 101
Even though renter’s insurance is one of the most affordable types of insurance out there, it is also one of the most misunderstood. Since many people do not fully understand renter’s insurance, it leaves them uncovered from many situations. Keep these renter’s insurance facts in mind to help make sure that you are properly protected from any peril.
You face liability issues without renter’s insurance – if someone is injured while visiting your home, you can be sued for their injuries. Your renter’s insurance policy will cover any legal costs that are associated with the accident to keep you financially stable.
Your landlord’s policy won’t protect you – even though your landlord will have an insurance policy for the property, it will only provide coverage for the structure of the home, not for your personal belongings that you keep inside. The only way to cover your assets is with ...
Renter's Insurance and Thefts
If you have ever had anything stolen you know what a hassle it can be. The issues can be even worse if your house or apartment was broken into and you are missing many different items. Along with figuring out exactly what was stolen, you also have to figure out how the thief got into your house. Luckily, investing in the right renter’s insurance policy can help to ensure that you are not left paying for the stolen items out of your own pocket.
While your landlord will have an insurance policy for your home, it will only provide coverage for the structure of the home, not for your belongings that you keep in your house. The only way to protect your personal belongings is to invest in a separate renter’s insurance policy. A renter’s insurance policy will provide liability coverage if anyone is injured while visiting ...