Why should I get renters insurance?
An Owners insurance policy covers the property itself due to fire, flood, slip and fall incidents, earthquakes and plumbing breakages. The owners insurance does NOT cover a tenants belongings or compensate for alternative arrangements the tenant incurs.
Renters insurance is available to all renters and can be purchased through most car insurance agencies as a bundle.
What is it?
- Financial reimbursement for tenants lost or damages possession as a result of fire, theft or vandalism
- Liability in the event of injury to visitors on premises
- Provide compensation for alternative living arrangements if property becomes uninhabitable due to fire or storm damage.
“Learn Renters Insurance 101 with These FAQs.” TrustedChoice.com, www.trustedchoice.com/renters-insurance/coverage-faq/#Question2.