Renting a home or apartment can be the right choice especially if you don’t want to be tied down to a property or are worried about the liabilities that come with owning a home. However, renting does not eliminate all risks to leaseholders. You could be leaving yourself open to liability issues that leave you responsible for paying back damages, injuries that happen on the rental property, or not having coverage for your own property in events such as fires or natural disasters. Merchant Family Agency can help you find a customized renters insurance policy to suit your needs.
Renters Insurance Coverage
Whether you are planning to rent in the not too distant future or are currently living in a rental property, you need to protect yourself and your belongings from all the possibilities. Some landlords will also require that you have renters insurance as part of your lease agreement.
Merchant Family Agency has renters insurance policies that have the coverage options to fit your needs. Here are some of the most common coverages that are offered:
Fires are one of the most common risks whether you rent or own a home. It is also usually covered by renter’s insurance policies. If a fire destroys your belongings, the fire coverage will provide you with a payout so you can repair or replace them.
Injuries to Visitors
An injury that a visitor receives on the premises that the renter is held responsible for can cover related expenses with this coverage. This can help with medical and legal expenses.
Smoke is caused by fire and can spread from even a nearby apartment causing damage everywhere it goes. Having a renter’s insurance policy with smoke damage protection will allow you to repair or replace your belongings that are damaged by the smoke.
Thieves who break into apartments and homes focus on stealing valuables like laptops, tablets, jewelry, and other expensive things. These possessions are costly to replace without the help of theft coverage which kicks in after paying your deductible.
Third-Party Property Damage
If the personal belongings of a third party are damaged while they are in your rented property, it may be due to a covered peril. This could enable the repair or replacement of the property from the renter’s insurance policy.
A pipe that bursts on the floor above your apartment or leaky roof can cause water damage to your personal belongings. Protect your things with renter’s insurance that includes water damage.
Windstorms and strong guests can really wreak some havoc. A renter’s insurance policy may cover the damage that it causes to your possessions so that you can get them replaced or repaired.
Get Personal Insurance Coverage Today
Merchant Family Agency has seen it all and they know what you should expect when it comes to renters insurance. Let us help by guiding you through the coverage types that are available and help you understand what’s covered and what’s not. Call us at 407.707.6418 or request a quote online to get started on your coverage today.