While most people understand the importance of having home insurance, not everyone is aware of how critical rental insurance is. If you own a rental structure, protect your property with rental insurance. Here are some frequently asked questions and answers about rental insurance.

What You Should Know About Rental Insurance

What does Landlords need insurance cover?

Rental insurance will cover the structure due to windstorms, fires, lightning, and hail. If you have liability insurance, it may pay for medical costs if another person gets injured on your property.

Why is renters insurance necessary?

To cover damages to your property. It’s up to renters to purchase their own insurance policy to protect their belongings. Rental insurance also can protect you against liability claims. If someone gets injured in your home or rental property and files a lawsuit against you, the policy will help cover the costs.

Is renters insurance required?

While rental insurance isn’t required by law, it could help replace your property. 

How much does renters insurance cost?

How much you pay for rental insurance will depend on the value of your rental property.

If you’re interested in purchasing rental insurance, turn to the professionals at Farmers Co-Operative Insurance in Vanceburg, KY. The insurance company has been in business since 1938 and provides comprehensive coverage for homeowners, landowners, renters, and businesses. The local insurance agents at this firm are specifically trained to determine the needs of every policyholder to help them get the protection they need. To request a free insurance quote, call (606) 796-2611 or visit their website for more information about their services.