What Does Renters Insurance Cover?

Renters insurance is a type of insurance coverage created specifically for people who rent their homes or apartments. While many people understand the importance of homeowner’s insurance, renters’ insurance is often overlooked until a fire breaks out or another serious incident occurs. The Busick Insurance Agency LLC agents, serving the Orleans, IN area, want tenants to have the protection and peace of mind they deserve through an adequate renters insurance policy.

Many tenants believe their landlord’s property insurance will also cover their personal belongings and other items they have purchased. This is not the case, so renters insurance is so important. Read on for more information on what renters insurance covers.

What Does Renters Insurance Cover?

Renters’ insurance covers three important areas: liability, personal property, and even additional living expenses.

When it comes to personal property coverage, your belongings can be replaced or repaired if they are stolen or if they are damaged or destroyed by a fire, natural disaster, or even an act of vandalism. Personal belongings include electronics, appliances, furniture, clothing, and other personal things you have purchased.

If someone is injured on your property and you are found liable, the liability coverage piece to renters insurance will definitely come in handy. It can help you cover legal expenses, medical bills, or property damage you cause, a family member, or something at your house or apartment.

If something happens, for example, a fire breaks out and destroys your apartment, the additional living expenses part of your renter’s insurance will help cover your rent and a new home while staying there temporarily until your original place is renovated and repaired. This can also include meals and other necessary expenses you incur when you are away from your home for a period of time.

Contact Busick Insurance Agency LLC

To create the best renters insurance policy for you and your family, contact the experienced and trusted renters insurance agents at the Busick Insurance Agency LLC, serving the Orleans, IN area, today to get your policy started!