Renters insurance is a type of property coverage available to people renting a house or apartment. While the landlord must purchase insurance to protect the structure itself, a renters policy is connected with the renters themselves. It covers personal losses and damages related to fires, burglaries, and other disasters. If you’re not sure whether it’s right for you, check out these three important benefits. 

What’s Covered by a Renters Policy?

1. Personal Belongings

If your belongings are lost, stolen, or damaged due to a disaster listed on your policy, your renters insurance will cover the cost to replace them. However, most people don’t know that this coverage applies even when belongings are somewhere other than the home. For example, your policy can cover the cost of items stolen from your car or damaged in a hotel fire.

2. Additional Living Expenses 

Some disasters, such as fires and lightning strikes, can render a home or apartment temporarily uninhabitable. In those cases, you’ll need to stay in a hotel or other property until your home or apartment is repaired. Some renters insurance policies cover additional living expenses, which means they’ll pay for the cost of hotel stays, food, and other expenses you accrue while your rented property is being repaired. 

3. Guest Injuries

If a guest is injured due to a dog bite, slippery floor, or another hazard on your property, you may be deemed responsible for paying their medical bills. Many renters insurance policies will cover medical and legal costs related to guest injuries. This coverage not only saves you money but can also prevent serious conflicts between you and your injured friends or family.

Searching for affordable renters insurance that provides comprehensive coverage? Turn to the team at Robert Taylor Insurance. Based in Lorain, OH, these independent insurance agents are dedicated to helping you find the ideal policy to protect your property and family. With more than 30 years of experience, they also offer a range of other policies, including homeowners, auto, and life insurance. Learn more about their services online and call (440) 277-5191 to request a free quote from an agent.