Renters Insurance

Renters Insurance Policies

Jessica Harrison Agency


Some real estate markets are more expensive than others and most people find that it is easier to rent. Areas such as New York, LA, San Francisco, and other high priced markets are priced outside the reach of the normal middle class family. They then look to rentals to keep their options open and to live in a certain area. Whether you are looking into a rental to save up for a future home purchase or you just prefer not being tied down to just one place, you want to be sure that you have the right insurance for your particular needs. Renter’s insurance is a must and it does not cost too much, which means that your belongings can be covered in case of fire or other event.

Many people do not really think about needing insurance when they are renting. After all, it is someone else’s home, right? They should be purchasing the insurance. While they probably have homeowner’s insurance, this only covers the structure of the home and the furnishings that they have inside, such as appliances, flooring, etc. It does not cover your own personal belongings. That is where renter’s insurance comes in.

Renter’s insurance will cover you with some financial compensation if your belongings are lost in a fire, tornado, theft, or other accident of some kind. In addition, if your rental property cannot be lived in, you could get some help in paying for your temporary housing. This can all be great benefits when you are a renter.

If you need to file a claim, you file it and then the insurance company will investigate the claim to see what happened. Once the claim is approved, they will cut a check to you, as the insured, to replace your belongings that were lost.

While no one likes to think about purchasing additional insurance, it can be a lifesaver if you are the victim of some type of accident that involves the home that you are renting. Renter’s insurance can make a big difference to you and to your future.

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Learn about Homeowners Insurance
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