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When you live in an apartment or rented house, your belongings are still vulnerable to theft and fire and water damage. The good news is that renters insurance is designed to provide financial protection for items like clothing, furniture, and electronics. Custis Insurance Service in Sheffield Lake, OH, offers a range of affordable and comprehensive coverage from some of the nation's leading carriers. They work with clients to find policies that fit their lifestyles and budgets. 

Why Renters Insurance Is Worth the Cost

Landlord Requirements

The individuals and companies that own rental properties often require tenants to have renters insurance. Some even request proof of coverage as a condition for signing the lease. When landlords and property management firms purchase insurance, the policy is only designed to protect the structure and surrounding property, not tenants' personal belongings.

Offers Personal Property Protection

renters insurance Sheffield Lake OHMuch like homeowners insurance, renters coverage protects everything from laptops and jewelry to electronics and appliances. If these items are damaged or stolen, most policies will either pay for the actual cash value or the total replacement cost of the property. Even if the landlord owns major appliances like the refrigerator and stove, renters can still seek reimbursement for personal items destroyed by a malfunctioning unit.

Provides Liability Coverage

If an accident occurs in your apartment or house, renters insurance will pay the medical expenses for you or another injured person. The coverage may also cover any wages lost while the affected party recuperates, any legal expenses you may accrue.

Protects You When You’re Away From Home

Since renters insurance protects your belongings, the coverage extends past your front door. Whether you’re on vacation or commuting to work, the policy is in effect and will cover any item that is damaged or stolen. Just as with items located in your rental home, most plans will pay the total replacement cost or actual cash value.

Covers Relocation Expenses

Incidents like storms, floods, and fires can make a house or apartment uninhabitable. Fortunately, renters insurance typically pays for temporary relocation expenses while the unit is being repaired. The policy covers hotel lodgings, restaurant meals, and some unexpected living expenses that arise after leaving the home.

Life is unpredictable, but renters insurance helps you prepare for these events. Let Custis Insurance be your trusted source for budget-friendly coverage. To request a free, no-obligation insurance quote, call (440) 949-7171 today. Visit their website for information on other policy options, including auto insurance.

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