If you are a renter, you have probably heard of renter’s insurance. Do you know what renter’s insurance covers? Do you know what it doesn’t cover? These are questions that are important to understand so that you can make adjustments to your coverage depending on your circumstances. There are a number of different things that you can get coverage for when it comes to renter’s insurance. InsureWise is here to talk about you can expect from renter’s insurance.
What is Renter’s Insurance?
For those that aren’t familiar with renter’s insurance, it is a policy that can be purchased by renters to cover a wide range of disasters including fires, theft, and more. Their personal property will be covered to help them recover from these disasters.
What Does a Renters Insurance Policy Cover?
There are four different categories that are covered under renter’s insurance. This financial protection can be crucial when you find yourself stuck. Here are the different areas that you can expect coverage.
– Personal Property Damage: If you find that your personal property is damaged for any reason, you can seek out a claim under your policy. The circumstances that are covered by your policy are considered perils. They will be specifically named like wind, fire, or flooding.
– Personal Liability: Is someone is injured on your property, your renter’s insurance will offer coverage for you in the case that they decide to sue you. Usually, you can have up to $100,000 in coverage for personal liability.
– Additional Living Expenses: There are certain circumstances that can leave your home uninhabitable. If this is the case, you can expect your renter’s insurance policy to cover living expenses for a temporary time while your home is repaired.
– Medical Payments: There may be a limited amount of medial costs on your property if someone is injured on your property.
What is Not Covered By Renter’s Insurance Policies
There are some risks to your property that renter’s insurance will not cover. Some perils like earthquakes, hurricanes, and floods aren’t covered by renter’s insurance. Another common problem that renter’s insurance doesn’t cover is damage caused by bed bugs or bed bug treatments. One other area that people often think will be covered and it isn’t’ is car theft and damage. If your vehicle is stolen, your auto insurance will come into play not your renter’s insurance. However, if there are belongings in your vehicle during the theft, those items will be covered by your renter’s insurance.
Renters, Homeowners Insurance Policies & More in Las Vegas, Henderson, Reno, North Las Vegas, Summerlin, Paradise, Spring Valley, Sunrise Manor, Enterprise, Sparks, Carson City & State of Nevada
If you are a renter and are interested in renter’s insurance, you can turn to the experts at InsureWise to help you find the right policy. We have the experience and expertise needed to help you find the coverage that you’re looking for. We can help you find insurance coverage for anything ranging from auto insurance to business liability and more. Call us today or click here to submit those quick online quote.