Don’t Forget Renter’s Insurance

Don’t Forget Renter’s Insurance

Art Glasgow, Peck-Glasgow Insurance Agency

 

One of the most valuable, yet overlooked insurance coverage is renter’s insurance.  The technical name reflects the actual insurance policy form, the HO4.  Renter’s insurance is most often needed when
someone is in between permanent home’s such as during the course of construction of a new home, or simply when renting a house or apartment for your residence.  The reason for renters insurance is to cover your belongings in case of an unfortunate event. 
Perils covered include fire, lightning, windstorm, theft, and many more, and it covers furniture, clothing, appliances, even in some cases the improvements that you made to the rental unit.

 

Another reason to carry renter’s insurance is for personal liability protection.  Personal liability coverage provides protection if someone is accidentally injured while in your home, or their property
is damaged and the damage is caused by you, your children or your pets; your personal activities, including most sports.  Your policy can also cover you:  for costs associated with defending you in a lawsuit related to an injury or property damage; if you’re
legally responsible for fire damage to your apartment, and to the building where you live or vacation property you rent.

 

There are also many additional coverages that you can purchase with a renter’s policy.  Extra Protection is available for Personal article’s such as jewelry, guns, silverware, musical instruments, and
personal computers.  Another valuable endorsement is Replacement Cost Coverage.  This allows you to repair or replace most personal property in your apartment with no deduction for depreciation.  There are even stretch endorsements that extend protection and
increase limits for both property and liability. 

 

Premium prices are very reasonable for renter’s insurance.  There are many discounts as well.  The best suggestion is to talk with you Independent Insurance Agent, who can cover all the options for purchasing
renter’s insurance.  Your Independent Insurance Agent also provides you with some of the best claims service in the business. So, don’t forget this valuable insurance coverage!