In today’s age, more people are choosing to rent a home or apartment rather than buying. While renting eliminates a considerable amount of liabilities that come with owning a home, there are still risks and liabilities that come with renting. Without proper coverage, you may be liable for repaying the landlord for damages done to the property or may be held liable for injuries that occur while on the rental property. Before signing a lease, make sure to speak with the renters insurance agents at JMG Insurance Agency to learn more about what coverage you may need.
Protection With A Renters Insurance Policy
If you are currently renting a house or apartment, or are planning to in the near future, protect yourself and your belongings with renter’s insurance from JMG Insurance Agency. Renters insurance offers renters a wide range of coverage options.
Fire is a common peril covered by most renter’s insurance policies. With fire coverage, you can receive a payout to replace your destroyed belongings.
Damage to your belongings from smoke may be covered by renter’s insurance. Smoke damage may be caused by a fire in your apartment, or from a nearby apartment fire.
Renter’s insurance protects personal belongings that are damaged by water, such as from a leak in the roof or a burst pipe.
Strong winds can wreak havoc on your rental. If a windstorm or strong gusts cause damage to your possessions, a renter’s insurance policy may cover the cost to repair or replace these items.
Renter’s insurance policies generally cover vandalism–intentional destruction of personal property–against a renter’s personal property.
If your apartment or home is burglarized, renter’s insurance may cover the possessions that were stolen after you pay your deductible.
Injuries to Visitors
If a renter is found responsible for an injury suffered by a visitor on the premises, renter’s insurance coverage may cover any associated expenses.
Third-Party Property Damage
If a third party’s personal belongings become damaged while in your home or apartment and it falls under a covered peril, renter’s insurance may provide repair or replacement.
Third-Party Medical Costs
If a third party becomes injured while on the premises, renter’s insurance may cover any resulting medical and hospital costs.
Acquiring The Right Amount Of Coverage
Before acquiring renters insurance, it is important to understand the different coverage types and understand what is and is not covered. Also estimate the value of your personal belongings to determine how much coverage you need. Request a renters insurance quote today by contacting JMG Insurance Agency!