The Basics of Renters Insurance

A renters insurance policy is ideal for people living in rented homes. This type of policy helps protect your appliances, electronics, furniture, and/or any other personal belongings in the event that they are damaged or stolen. It also covers legal defense and medical expenses in case an injury occurs at your rented home. Here are the three types of protection that a renters insurance from Shults Insurance Agency in Fort Plan, NY offers.

Personal property coverage

Events such as fire or theft can lead to loss of your personal property, which can be very costly to replace. But, if you have renters insurance, the process will be a bit easier. Note that the policy may not cover every item in your home, so it pays to know the limit of your personal property coverage.

Liability coverage

Liability coverage will come in handy in the event that you are found responsible for the injuries sustained by other people or their property. For instance, if a visitor slips and twists his leg in your rented home, this coverage will cater for the medical expenses resulting from the incurred injuries.

Additional living expenses

A rented home will typically serve as your home until your lease expires. But, if by bad luck your home gets hit by disasters such as fire, or flood, you will be forced to move into a hotel and even spend more than expected on food. The additional living expenses policy helps cater for those secondary expenses. Again, don’t forget to read carefully, the terms of your coverage to know the limit of your compensation.

A renters insurance is a personal necessity if you are living in a rented house. For more information on this type of policy and to choose a package that suits your needs, give us a call at Shults Insurance Agency today!