Renters Insurance
Every day, homes and apartments are broken into; people experience fires or floods, or happen to have a visitor that gets injured in their home. You can protect yourself and your personal property with a Guaranteed-Issue Tenant Insurance Policy that will offer you peace of mind when disaster strikes.
Common Misconceptions
I am a renter - I don't need insurance: FALSE. Renting an apartment or home has just as many risks as owning. Your personal items can be worth thousands of dollars.
My landlord's insurance protects me: FALSE. A property owner's policy provides insurance for the builing itself, not the tenant's personal belongings.
I am careful, I would never cause a fire: TRUE. You might be careful; but what about your neighbor? Their negligence could have a direct effect on your unit and personal belongings.
Insurance is just too expensive: FALSE. You could be paying pennies a day on a cheap renter's insurance policy to have all the valuables in your home, apartment or sublet covered. Can you think of any reason not to get covered?
Things to Look For
Not all renters' insurance policies are the same. Some policies cover your possessions but do nothing to protect you financially, while others provide only the basic coverage required by many rental properties. Here is a simple guide to help you make an informed decision when shopping for renters insurance.
- Personal Property Coverage - Covers items that are damaged, destroyed or stolen, due to a covered event.
- Personal Liability Coverage - When a guest is injured in your apartment, you - not your landlord - could be responsible. It also pays for the damages to your apartment and your neighbor's apartment in the event of a fire.
- Low Deductibles - The deductible is the amount you pay before making a claim on your insurance.
- Replacement Cost - Pays to replace an item with a brand new item, without deducting for depreciation.
- Easy Applications - Some insurance companies will request that you complete lengthy applications, and even then you may not qualify for coverage. At Fuller Insurance we have carriers that will provide you with immediate online coverage for a fast and convenient quote experience without any lengthy forms.