Renter’s Insurance Coverage Options

Investing in a renter’s insurance policy is the best way to make sure that your assets are protected from a disaster, even if you do not own your house. While your landlord will have an insurance policy for the house or apartment, it will only provide coverage for the structure of the property, which leaves everything that you keep inside vulnerable. A renter’s insurance policy will provide various coverage options, including:

  • Personal property – which will cover all of your belongings if they are damaged or destroyed by a covered peril, such as theft or fire. The personal property coverage that is provided by your renter’s insurance policy will also provide protection for your assets no matter where you take them in the world.
  • Medical payments – which will provide protection for any medical bills that a visitor incurs if they are injured while visiting your home. Keep in mind that the medical payments coverage portion of your renter’s insurance policy will typically not provide any protection for you or your family members who live in the home.
  • Personal liability – if someone sues you after getting hurt at your house, your personal liability insurance coverage will cover the legal costs. Keep in mind that the amount of coverage will depend on the specific policy that you invest in, so talk with your insurance agent to ensure that you find the right amount of protection.
  • Additional living expenses – if you are not able to live in your home while it is being repaired after a covered peril, your renter’s insurance will pick up the bill for any extra living costs that you incur.

For all of your renter’s insurance needs, and to ensure that you have the coverage that you deserve, all at the right price, contact North Central Insurance in Elk River, Minnesota.