Your landlord’s insurance likely only covers the property, not your belongings. This makes having your own renters insurance policy essential. Renters insurance offers protection in various ways including:
- Personal Property. Your personal belongings are covered under your renters insurance policy in the case of fire, lightning, smoke, explosion, wind and hail, falling objects, frozen plumbing and vandalism or riot. In addition, your personal property is also protected in the instance of theft, even if the item was lost or stolen outside the home.
- Liability Protection. This type of protection covers you if a guest inside your home is injured. For instance, if someone trips down your stairs, you may be responsible for their medical expenses. Your renters insurance will cover legal expenses, medical bills and other expenses. You are also covered by accidents caused by your or your family. For instance, in the case your child accidentally throws a ball through your neighbor’s window.
- Additional Living Expenses. If a fire or other disaster renders your home unlivable, renters insurance can help provide you a place to stay. Covered temporary living expenses include hotel bills, restaurants and other needed expenses you wouldn’t normally have to pay.
- Optional Coverage. You can obtain additional coverage if you are a jewelry collector or have thousands of dollars worth of pricey sound equipment. This can be covered under what’s commonly called Floater Insurance or Scheduled Personal Property coverage.
Get a Renters Insurance Quote
Whether you need renters insurance for your Nashville apartment, home or condo, Royce Williams Agency can help. Click here to get a renters insurance quote today. Fill out the form, and we will get back to your as soon as possible.
Want to learn more? Give us a call today at 615.356.4800.