When you are a renter and something goes wrong with your apartment, you can call the front office to report the problem and schedule a repair. However, when disaster strikes, such as a flood or a fire, you could risk losing everything you have, which is where renters insurance comes into play. Here is a brief guide to renters insurance and why you should sit down with an agent. 

Understanding Renters Insurance

What Is Renters Insurance?

Renters insurance is designed to cover losses to your belongings or damage to the apartment in the event a covered peril occurs. Renters insurance policies typically cover situations like theft, kitchen fires, and even medical costs of anyone who becomes injured in your home as the result of an accident.

If your apartment is ever damaged due to a flood, fire, or other issues, your policy may cover additional living expenses, such as staying in a hotel until the apartment is repaired. Renters insurance policies are very affordable and may be required by your apartment complex before moving in. 

What Benefits Does Renters Insurance Offer?  

Fortunately, the benefits of renters insurance don’t stop at replacing your items. Renters insurance offers other perks to apartment owners, such as providing liability coverage if issues in your apartment extend to other units. For instance, if you have a flood in your home and the water moves downward into other homes, your policy could cover their costs.

Rental insurance can also cover liability stemming from personal injuries incurred by your pets, such as dog bites. If you rent or borrow anything from a friend, family member, or business, and that item becomes damaged or destroyed in a covered accident, renters insurance could cover the replacement or repair costs.

After you secure the right renters insurance policy, find the perfect apartment by visiting Ashton Park Apartments. As a brand-new apartment complex with top-of-the-line upgrades like 9-foot ceilings, natural stone countertops, and walk-in closets, you can live every day in luxury while enjoying the flexibility of renting. Explore their community upgrades like the 24/7 fitness center and self-service coffee bar by visiting their website or giving their office a call at (859) 389-6000.