Many young people who are seeking—or who have already found—their first apartment may not be aware of the benefits of renters insurance. Others may just not know what it covers. If you fall into either of these groups, BestRate Auto Insurance in East Georgia explains below what is covered and how a policy could benefit you. This information should help you decide if renters insurance is right for your situation.

What Is Renters Insurance?

Renters insurance protects you against a number of types of misfortune, including the loss of personal property in the event of a fire, storm, or break-in. Many renters mistakenly believe that their belongings are covered by their landlord's policy, but most landlord policies only cover the structure of the building and any personal property the landlord uses to maintain it, such as lawn equipment, painting tools, etc. 

What Does Renters Insurance Cover?

Personal Property

A renters policy protects your belongings, including clothes, furniture, electronics, and other items, against loss or damage. Covered hazards include fires, storms, vandalism, and theft.

Liability

If you or a member of your household should accidentally injure someone or damage their property, your policy covers the cost of medical treatment and repairs. It also covers any legal costs that arise out of the incident.

Additional Living Expenses

If your home is rendered uninhabitable by a named disaster, your policy pays for any additional living expenses you encounter, including hotel stays and dining out.

Exclusions

Hazards such as floods, earthquakes, mudslides, military actions, and civil insurrections are typically excluded from coverage in standard policies. However, you can purchase coverage against these hazards for an additional amount.

As you see, renters insurance protects you in ways you might not have expected. To discuss your coverage options with a friendly professional, contact BestRate Auto Insurance. For your convenience, they maintain two locations in Vidalia and Statesboro, GA, and also specialize in auto, home, and mobile home insurance. To view a map and business hours, check out their website, or call (912) 489-5942 to request a quote.