If you rent the place you live, you may think that your possessions are protected by your landlord’s insurance. The truth is that your landlord’s policy covers only the building itself. To protect your possessions you need a separate coverage known as Renters Insurance. Keep reading to learn more.
Renters Insurance: What You Need to Know
In short, Renters Insurance protects your belongings when you are renting a place. It may also cover legal costs up to the limits in your policy if you are held responsible for an accident that occurs in your home.
Most Renters Insurance policies offer three types of protection:
- Personal possessions
- Liability
- Additional living expenses (ALE)
The personal possessions portion of a Renters Insurance policy covers belongings such as furniture, clothes, jewelry, appliances, and computer equipment. Liability refers to legal costs related to incidents for which you are responsible. Additional living expenses help cover the costs of living elsewhere if your home is uninhabitable.
What Is (and Isn’t) Covered
Renters insurance offers protection against risks that include:
- Windstorm
- Fire
- Smoke
- Lighting
- Theft
- Vandalism
Most Renters Insurance policies do not include coverage against floods or earthquakes. However, you can get protection against these two risks by purchasing separate policies. (Click here to learn more about Earthquake insurance.)
When it comes to Renters Insurance, you need protection tailored to your lifestyle. Get in touch with the insurance experts at Delgados Insurance to build a policy that meets your needs and provides the protection you and your family deserve.
Looking for Renters Insurance? Contact the Experts at Delgado’s Insurance
If you are looking for assistance with boat insurance, life insurance, or any other type of insurance policy, contact our experts at Delgado’s Insurance. Our mission is to help you make sense of your options so that you can get insurance tailored to your needs.
We have locations in Riverside, California, and Bloomington, California. Contact us today by telephone (951-361-0084, 909-421-9003), email (mail@delgadosinsurance.com), or through our social media accounts (Facebook, Twitter) to get a free quote and learn more about our wide array of services
