If there were a fire in your building that damaged all of your belongings, who would pay to replace your things? The landlord’s insurance policy only covers structural damage to the property. Damages to your items, however, are your responsibility. For this very reason, you need to purchase a separate renters insurance policy to protect your assets. In fact, many landlords now require tenants to obtain a policy. The experts at Ebert Agency in Foley, AL, discuss how renters insurance protects you.

What Exactly Is Renters Insurance & What Does It Cover?

Renters insurance is a policy offered to protect renters from certain losses and damage sustained to their property. That being said, a standard policy covers your personal belongings from a multitude of threats, including water, fire and smoke, theft, and vandalism. It also covers loss of use; this means your insurance company will pay your expenses if you need to leave your home after the damage has occurred. Another key feature of a renters insurance policy is it will cover you for liability for injury and damage caused by your negligence.

Are There Any Special Considerations?

You want to be sure to get a coverage amount that will help you replace all of your items in the event of a total loss. Ideally, you want to look for a policy with at least $30,000 of coverage. Take photographs of all of your property and store them in a safe place. If you own high-value items, such as expensive jewelry or unusual artwork, you might need to purchase something in addition to a standard policy. Check with your agent for details regarding how much coverage you need and the policy best suited to your situation.

No one anticipates damage or loss to personal property. While no amount of money can return the personal memories and fondness associated with your belongings, a renters insurance policy can help replace many of those items in the event of a loss. To get a quote on a policy, call the Ebert Agency at (251) 943-2281. You can also visit them online for more information on their coverage options.