If you rent an apartment or free standing family home, your landlord’s insurance policy on the building does not provide any coverage for your belongings. It also does not provide any liability protection if you should be sued for negligence. That’s why you need renter’s insurance.
Renters insurance can provide protection that includes:
- Personal property (your belongings not used for business)
- Loss of use (coverage for necessary expenses if your rented residence becomes unusable)
- Personal liability (protects you in the event you are sued for bodily injury or property damage caused by your negligence)
- Medical payments (for necessary medical expenses caused by injuries to guests which occur on your premises or are caused by you or an animal you own)
- Improvements you make to the residence (to a limit of a percentage of your total coverage)
Don’t make the mistake of thinking that because you rent you don’t need insurance. That’s a risk that’s not worth taking. Protect yourself. Protect your property. Talk with a Lappan Agency agent today.