Renters Insurance
Today’s fast-paced world and lifestyle can bring you to many places and sometimes, renting a home is the more practical thing to do. At North Central Insurance, you can reap the benefits of our comprehensive coverage for just about everything you desire about your home. If you are renting an apartment, the landlord is normally the one responsible for insuring the building but not much else. Our Renters Insurance program can offer you the protection you need if something unexpected happens.
Renters Insurance – Protection for What Matters Most
Every insurance policy is different that is why at North Central Insurance we speak to you to get to know you and how we can provide the protection you need. For the renters insurance here are the perils that are normally covered in the policy:
- Fire and Lightning
- Hail and Windstorm
- Frozen plumbing
- Weight of ice, snow or sleet
- Theft
- Falling objects
- Smoke
- Vandalism
- Accidental discharge or overflow of water or stem
- Vehicles
- Protest, riot or civil unrest
- Aircraft
- Air conditioner or heater damage
Our renter’s insurance policy ensures coverage for items even if they are not physically present in your house. Your items are covered during transit, in your car and practically anywhere. A renters insurance policy can protect your personal items and also get you coverage for temporary housing and liability protection like medical expenses for people on the property and can help pay for a lawyer if you are sued by someone unintentionally injured by you.
Why You Need our Renters Insurance
Tenants are not covered by Landlord’s Insurance
You may not know it but the landlord is not obligated to protect your personal belongings if they get damaged or lost on their property. They are only required to insure the structure of the building and nothing else. If this is your first time renting a place then it is important that you need this. If there is a fire in the building and your possessions were damaged and destroyed, the building insurance will not cover for your lost or damaged personal items. A renters insurance policy can change all that.
Liability Coverage
Our renters insurance coverage includes liability protection for you. In the event that a guest comes over and slips and falls on the property, the liability protection can cover you for this incident. The renters insurance offers liability protection against lawsuits for bodily injury done by the renter, their family members including pets. The cover also can help pay for legal defense fees up to the limits of the insurance agreement. We also recommend that you get a no-fault medical coverage as part of the liability cover. This allows someone who got injured on the rented property to give their medical bills to the insurance directly rather than file a lawsuit. Contact us today to learn more about the level of liability protection for you.
Affordable
As in any insurance policy you will find that the cost of your renters insurance varies depending on the amount of coverage you get as well as the location of the property. However, our renters insurance policies are quite affordable and the benefits you reap can be immeasurable. There is nothing like having peace of mind at night knowing you and your possessions are protected. Contact any of our renters insurance agent reps to know more on how we can find the right renters insurance coverage that fits your budget and needs.
Fire/Wind Coverage
Our renters insurance policy offers protection in the event that your personal possessions gets lost or damaged by fire or wind damage. Depending on the insurance cover you select, you can opt to get actual cash value for the possessions or if you prefer the replacement cost.
Theft Coverage
By purchasing a renters insurance policy, you can get protected if you are victimized by burglary or theft within the property.
Added Protection for Landlord
Our renters insurance policy offers protection in the event that your personal possessions gets lost or damaged by fire or wind damage. Depending on the insurance cover you select, you can opt to get actual cash value for the possessions or if you prefer the replacement cost.
Additional Living Expenses (ALE) Coverage
Our renters insurance policy offers financial protection from an insured disaster that makes it a need to live somewhere else on a temporary basis. The renters insurance covers for hotel bills, temporary rentals, meals in restaurants and other living fees while the home you are renting is being rebuilt or repaired. Depending on the program you select you can get reimbursed for the full difference between additional living expenses and your normal living expenses but do note there is a limit to the total amount that can be paid.
Exclusions
Renters insurance is not an all-in-one cover and it is not designed to cover everything. Depending on your need, we can find you a separate insurance coverage for expensive personal items. Keep in mind also that a standard renters insurance policy does not cover flood damage. If you live in an area that is prone to this, we can provide you with a separate or add-on flood insurance for your rented home.
Dollar Amount of Coverage
This is one of the major factors that dictate the price and coverage. A dollar amount is not placed on each piece of personal property but a fixed amount for all your possessions. The more coverage you get, the higher the premiums. Don’t let price determine whether or not you get renters insurance or not. We can help customize your insurance information to cover only for the things that matter most but if you want more extensive cover, we can provide that for you as well. Contact us to know more on the dollar amount coverage.
Deductible
The deductible is the amount of money you pay out of pocket before our insurance policy kicks in. The coverages are subject to the deductibles except liability coverages.
Actual Cash Value or Replacement Cost
The basic insurance can pay you the actual cash value, which is the value of the property at the time of loss but if you want replacement cost, you can get an actual replacement for the lost or damaged item. Expensive personal items that are quite prone to theft like firearms or jewelry have limited coverage. We recommend that you place these items on an insurance rider by adding an endorsement.
Many people think that they do not own enough important personal items to justify purchasing a renters insurance policy but the liability coverage alone is well worth the time and effort to get one. Many people often have a reactionary attitude to events and not anticipate what could happen until the bills pile up and they get threatened with a lawsuit. The beauty of renters insurance is it provides you with peace of mind for unforeseen events that never crossed your mind. You will find that the small amount you pay today for the policy can save you thousands of dollars later. Contact our friendly agent reps today so we can begin to help and guide you on selecting the right renters insurance coverage.
NORTH CENTRAL INSURANCE
As a full service insurance agency, we stand for you, our valued customers in your time of need. We have the freedom to find the best possible value and coverage designed especially for you from among the many quality carriers we represent. We can show you how to protect your home and your family.
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