Just because you don’t own the house you live in doesn’t mean you aren’t at risk for financial loss. If you live in a rented house or an apartment, renters insurance provides important coverage for both you and your personal property. Many tenants incorrectly assume they are covered by their landlord’s policy, which is unfortunately not true. If you flipped your apartment upside down, everything that would fall out is considered your contents, and therefore your responsibility.
The best part? Renters insurance is very inexpensive. In some cases less than $100 per year!
If your house or apartment is broken into, destroyed by a fire, or perhaps a someone gets injured at your property, renters insurance provides coverage for you and your family. It pays for the repair and replacement of lost items as well as any liability issues you may be responsible for.
It covers your belongings when you travel: Renter’s insurance covers your personal belongings, whether they are in your home, car, or with you while you travel. Your possessions are covered from loss due to theft and other covered losses anywhere you travel in the world. Check your policy or ask your insurance agent for details on what constitutes “other covered losses”.
It may cover additional living expenses: If your home becomes uninhabitable due to one of the covered perils, your renter’s insurance policy may cover “additional living expenses,” including the cost associated with living somewhere else temporarily, food, and more. Check with your policy to find out how long it will cover additional living expenses, and if it caps the amount the company will pay.
A renters insurance policy from Pappathan Insurance can provide you with coverage for your personal items and personal liability to protect you from the unexpected.
Call us today, or visit our quotes page if you live in Pelham or any other part of New Hampshire and are looking for renters insurance.