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5 Essential Reasons to Purchase Renters Insurance

Renters insuranceMost likely, your apartment community or landlord’s current insurance policy covers the physical dwelling, but not the important and personal items inside of it. Not to mention, you could be liable for bodily injury or property damage to others, so the importance of shopping for renters insurance today is very important.

Signing up for renters insurance at WhiteFence.com means you can cover a lot more for less than you think. Don’t be caught surprised and unprepared by an unfortunate accident. Here’s what you need to know about a renters insurance policy:

  • Personable liability is usually a standard feature in a renters insurance policy, protecting you from unintentional bodily injury or property damage due to accidental occurrences in your apartment, as well as liability for damage to other people’s property. Liability coverage will vary depending on the company and policy.
  • Personal Property Protection provides coverage for items like stereos, bikes, jewelry and so on, and the type of items covered will vary depending on the type of policy.
  • Actual Cash Value (ACV) covers the value of your items at the time they were purchased, so the amount paid to you depends on wear and tear as well as the deductible and coverage limits.
  • Replacement Cost Coverage pays you for the cost of replacing the item, but can often result in a higher premium. Again, deductible and coverage limits will affect the amount that is paid to you, though this type of coverage will replace your item with something comparable.
  • Medical covers medical costs in case of accidental injury involving a guest while on your property.

Protect you personal belongings and liability with the assurance and affordability of a renters insurance policy today. Enter your address at WhiteFence.com to compare quotes and find the coverage that best fits your needs.