If you are leasing property in Seymour, Madison, North Vernon, or Columbus, Indiana, renters insurance is a must. Unfortunately, many renters are not aware of the fact that they need to carry their own coverage if they want their property to be protected. They are under the impression that the homeowners insurance that the landlord has will cover any losses that they occur, but this is not the case.
Coverage with a Renters Insurance Policy
There are essentially three different facets to a typical renters insurance policy. The personal property component is rather self-explanatory. It would provide a benefit that could be used to replace belongings that were lost due to a fire, an act of theft, or some other covered event. This would include things like televisions, electronic devices, artwork, musical instruments, appliances, etc.
When you take out the policy, you have to make a couple of choices with regard to the details of your personal property renters insurance. A deductible is the amount that you would have to pay out-of-pocket before the insurance coverage benefits would kick in. People usually choose deductibles that are somewhere between $500 and $1000.
You have to decide on a policy limit. To do this effectively, you should inventory your personal property and estimate a replacement value. This would be the amount of insurance that you should carry.
The second part of a renters insurance policy covers liability. This would be applicable if you are responsible for damage to someone else’s property. It would also provide protection if your negligence caused conditions that led to an injury accident in the apartment or home that you are renting.
Lastly, there is a portion of the renters insurance policy that will pay out a benefit if you are unable to live in your leased property after some type of event has taken place that is covered. This would pay for an alternative place of residence, like a hotel or some other type of temporary lodging.
Quality Renters Insurance at Rock Bottom Prices!
Everyone wants to have protection in place, but there are those that are willing to take chances because they simply do not want to put out a lot of money for renters insurance. This is understandable, but you will not have to dig deeply into your wallet if you work with our agency. We have relationships with a number of different insurers, so we can shop around to find the lowest price that is out there.
If you are in Columbus, North Vernon, Madison, or Seymour, Indiana, renters insurance that you can afford is just a phone call away. Our local number is 812-346-2282, and we can be reached toll free at 800-288-6128. You can also request a quote online through this website.