Renting your first apartment is an exciting milestone for many adults. However, you want to make sure you protect your investment — and your new home — with the right insurance. Discover why you should get renters insurance by understanding what it covers and how it can make your life easier.

What Does Renters Insurance Cover?

1. Damage to Personal Property

You likely have many valuables in your apartment. From tech gadgets like your laptop and phone to jewelry and designer clothing, the monetary value of these goods adds up.

A comprehensive renters insurance policy will cover personal property damages, such as those caused by a storm or break-in. Check the details of the policy to determine what types of events are included and customize yours to suit your needs.

2. Additional Living Expenses

Sometimes, property damage can make your home uninhabitable. In the case of a serious fire, for example, the entire interior will have to be gutted. Even a smaller blaze can result in smoke damage that makes the space temporarily hazardous to stay in.

In these cases, you will have to find alternate accommodation. Renters insurance can cover the cost of a temporary living space while repairs are made.

3. Personal Liability

You might want to host a party or two at your fabulous new apartment. Unfortunately, there is always the possibility of an accident happening at a social gathering. Your dog could get overexcited and bite someone, for instance, or a guest could trip and fall on a step.

If someone is injured or their property is damaged while they are under your roof, as the host, you may be held liable. Personal liability coverage in your renters insurance can cover the expenses. Some policies also cover limited medical fees.

If you’ve recently signed a new lease, Phil Taylor Insurance Agency, Inc., of Clarksville, AR, provides personalized insurance services you can trust. Their knowledgeable team offers customized guidance informed by years of experience. They will find the lowest rates available for you, whether you need renters insurance or home insurance. Request a quote online. For an in-person appointment, call (479) 754-2616.