If you live in a rental, your landlord is usually responsible for insuring the property itself but little else. Without adequate insurance coverage renters are essentially on their own in case of theft or an accident. We help you secure insurance to protect your possessions and where you live, within your budget and needs.
Some landlords require that you have a certain amount of renters coverage as part of your lease agreement. Even if renters insurance isn’t required by your lease, your landlord’s insurance doesn’t cover your personal property like computers, electronics, personal valuables and more. Renters insurance protects you from financial loss in case of an accident or theft. The amount of coverage you need depends on a few factors, such as the replacement cost of your possessions and the liability protection you need. We walk you through different scenarios and help you secure coverage to safeguard your home and belongings.
It depends on the value of your home’s physical structure and the value of all of your personal property (e.g. furnishings, clothing, appliances, entertainment systems, etc.). Take a thorough inventory of your possessions to ensure you have an accurate value. There are limits and exclusions that apply to your personal property. Our insurance experts can help you determine how much coverage is right for you.
Renters insurance covers certain losses by providing financial reimbursement. Typical policies cover lost or damaged possessions due to a fire, theft or vandalism. Some also include liability coverage if a visitor is injured on your premises.
Most policies for renters insurance do not cover damage caused by floods. To be covered for damage from flooding, renters like landlords and homeowners, must purchase their flood insurance separately.
IMG is an UAII Member Agency
