Renters insurance is a valuable asset for individuals who live in rental properties. Your landlord's property insurance won't cover the cost of your belongings or housing in the event of an accident such as a fire, natural disaster, or theft. Renters insurance not only protects your possessions, but it also covers a variety of other expenses. Learn more about the benefits of additional policies in the guide below. 

What It Covers

Renters insurance provides coverage for your personal possessions in the event that they are lost, damaged, or stolen, both at home and when you’re on a trip or vacation. It also provides medical expenses for guests if they're injured in your rental apartment or home.

Certain policies will pay for hotel fees in the event your rental is uninhabitable due to a disaster, legal costs if you're found liable for the personal injury of a guest, damages to the property caused by a family member, as well as coverage for items you've borrowed or rented that were damaged while in your care. 

When to Purchase Additional Coverage

While a basic renters insurance policy provides ample coverage for most renters, some situations may require you to take out a secondary policy, known as a rider. This is to provide adequate coverage on all of your belongings, under any circumstances.

Riders are most commonly used for high-value items that exceed the coverage amounts on a basic policy. These items typically include jewelry, musical instruments, expensive electronic equipment, and collections including rare art, books, or antiques. Riders are also added to cover scenarios that aren't included in a basic policy, such as earthquakes, floods, and hurricanes. 

Protect your belongings with a renters insurance policy from Mazzola Insurance in Rochester, NY. This independent agency proudly works with its clients to provide low-cost insurance policies for a variety of coverages, including renters, homeowners, and auto. Contact them today at (585) 266-7130 to request a quote, or visit their website to learn more about their services.