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Renters Insurance

Renter’s Insurance covers damage to the property of a place during its time being used as a rental space.

What is Renter’s Insurance?

Renter’s Insurance covers damage to the property of a place during its time being used as a rental space.

What does Renter’s Insurance cover?

This insurance policy covers the physical property. This means that burst plumbing, holes in the walls, and burnt carpets will not cause you nightmares.

Your Renter’s insurance will also cover damage caused to the disclosed items of value within the rented property. This means that the value of furniture or stored items that are damaged during the rental period can be replaced.

Does Renter’s Insurance cover personal costs too?

Your insurance policy can also cover medical costs incurred if a person is hurt on the rented property. Any legal action taken after a loss if covered can be provided for by the renter’s insurance too.

Does Renter’s Insurance cover personal liability?

Imagine your renting a home, and your 15 year old son has an incident at school… lets say he threw his football helmet at another student and caused $10k worth of dental damage….

Normally, as a homeowner your home insurance policy will kick in and cover the liability arrising out of this incident.

However, many people when purchasing renters insurance do not realize how valuable this coverage is and omit it. Even though, it is available for purchase at very affordable rates!

Speaking with your agent will help you understand your true liability exposure

Are all Renter’s Insurance packages equal?

No, they are not. Not all rental spaces are equal so their coverage needs to be tailored to suit the needs of the Renter and the Rented Space.

There are many things that will affect the insurance policy such as the presence of burglar alarms, enclosed parking for vehicles, and the nature of the rental space (commercial or private).

Contact us and we can help you build the insurance package that suits your needs the best!

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