Some tenants might assume that their landlord’s insurance will cover their personal property. The truth is that a Landlord’s policy gives coverage to rebuild or repair the actual building. Your personal property would have no coverage.
Renters Policy Coverages
Renters Insurance covers more than just personal property. It also covers
- Medical Payments- covers minor injuries caused by you or your family members
- Additional Living Expenses- pays for you to stay somewhere else like a hotel, if your rental would become inhabitable due to a covered loss
- Liability- extra protection for legal expenses in the case you are found legally responsible for damage to others or their property
Your Personal Property
Some may reason that their property isn’t worth enough to buy renters insurance. However, if you were to take an inventory of the things you own, you might be surprised at the value of your belongings. Take for example your television and it’s accessories, furniture, clothes, and other electronics. Would you be able to replace all of that out of your own pocket? Probably not!
Make a Smart Investment
Generally a renters policy only cost about $15.00 to $30.00 a month, depending on the coverage limits. For a dollar a day you can protect your possessions and much more. Call Barrick Insurance (717) 632-7270 to receive a free Renters Quote and some peace of mind.