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Even if you don’t own your home, you still need to be protected against the unexpected. Renters insurance offers you coverage when you’re leasing a property, especially for your personal belongings. If you have questions about finding the best policy, the following guide can help.

What Is Renters Insurance & What Does It Cover?

Chances are the home or apartment you’re leasing is covered by property insurance. However, your landlord’s policy most likely only protects the physical structure and not the items inside. That’s where renters insurance comes into play. This type of coverage funds repairs or replacements for personal items like furniture, electronics, clothing, and appliances within your home.

Consider what might happen if you’re found responsible for another person’s injuries or property damage. A liability policy provides funds for any resulting court fees, as well as medical bill coverage. Some policies even pay for temporary lodging if you’re home is uninhabitable.

How Much Coverage Do I Need?

Renter InsuranceTake an inventory of all the items you own, including their current value, condition, and how much they would cost to purchase new. This will give you an idea of how much money you’d need to replace all of your items should a disaster occur. You also want to consider supplemental coverage, such as flood insurance.

When it comes to liability coverage, it can be tricky to determine a sufficient amount. Start by calculating the worth of your current assets and compare them to the liability limit on your policy. If your assets are greater, it’s best to increase the coverage limit. Remember that even seemingly small issues can result in significant legal fees. Bring your thoughts and calculations to your insurance agent. They can help you choose the best policy and find out if you qualify for any discounts.

 

For more than three decades, C.I.S. - Crop Insurance Solutions, LLC has answered tough policy questions for clients in Dumas, TX. These expert agents can help you determine proper coverage limits for your renters insurance needs. They also offer health insurance, truck insurance, and coverage for small business owners. Use their convenient online contact form to get started on your personalized quote. You can also call (806) 935-6512 to schedule a consultation today.

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