Protect Your Personal Belongings
Renters insurance is a low-cost way to protect you and your belongings in a time of need when you rent an apartment, condo or home.
Required or Not, Renters Insurance is a Must
Renters insurance provides peace of mind against the threat of disaster, theft or vandalism. Some landlords and/or apartment complexes require renters insurance, but even if it is not required, Burns Insurance strongly recommends a policy to protect your valuables.
Much like a homeowners policy, Renters insurance provides you coverage protection in 3 major areas:
A renters policy will cover the cost associated with replace your personal belongings, like your furniture, electronics, computer equipment, your clothes and jewelry (up to your policy’s coverage limit) if destroyed, damaged, lost or stolen.
Renters insurance also covers your property when it’s not in your home, like if your laptop is stolen while you’re on vacation.
A renters policy can protect property damage to others. For example, if a broken pipe in your apartment floods your neighbor’s apartment below, your renters insurance policy should cover damages to their property.
A renters insurance policy will also cover costs you may be legally responsible for paying if someone is injured in your apartment or residence. If someone slips, falls and is hurt on your premises, this coverage will protect you and pay for the cost associated without a lawsuit.
If your residence has been made uninhabitable, renters insurance will cover the cost of a temporary place to live.
It can also compensate you for hotel bills and the cost of food if it exceeds what you’d normally pay until you’re able to move back in (or find a new apartment).
What perils does renters insurance cover
- Fire and lightning
- Windstorm and hail
- Explosions
- Riots
- Damage by aircraft
- Damage by vehicle (not your own)
- Smoke damage
- Vandalism
- Theft
- Volcanic eruption
- Falling objects
- Weight of snow, ice, sleet
- Damage from steam-heating/water-heating appliances/systems
- Leakage or overflow of water or steam
- Freezing of plumbing, heating, air conditioning
- Short-circuit damage caused by electrical appliances
What is not covered by Renters insurance
- Property damage caused by pests
- Items of high value
- Roommates Property
- Damages caused by flooding, earthquakes, and even sinkholes
