As a renter you probably have collected many item of value that are important to you, from your clothing and furniture to your sound system, computer, electronics and appliances. These items need to be protected. It is a common misconception that your personal property would be covered by your landlord’s insurance policy in the event of a loss, however, that is not the case. If you want to feel confident that everything you have worked for is protected, you need to acquire a renters insurance policy. This will ensure that your personal property is covered in the event of a loss. A renters policy will also provide you with liability coverage and Medical Payments Coverage in the event of an accident where someone becomes injured in/at your residence.
Personal Property Coverage covers you and your family’s personal property up to the limit of your policy.
Liability Coverage covers you against accidents that occur within your home and on your property. It will protect your assets in the event of a lawsuit against you, pay for your legal defense and pay for settlements and judgments against you up to your policy limit.
Medical Payments Coverage pays for injuries to others in the event of an accident on your property.