Renters insurance is often referred to as renters’ insurance because it is designed specifically for renters and only those who occupy a particular property for periods of time. Renter’s insurance is also one of the few types of insurance that can be purchased nationwide, in contrast to other insurance policies that are typically restricted to a specific region or state. This policy can be purchased through a local agent or through a national agent. Although there is usually a higher premium associated with renters insurance than is paid for homeowner’s insurance because of the specific risks associated with renting, it is still an affordable option for those who want coverage for their personal belongings in the event of loss. It offers landlords many benefits that may not be available to them if they were to insure their home themselves.Visit Abilene renters insurance for more details.
One of the biggest benefits of renters insurance is the amount of protection that is available to those who rent. If a renter’s refrigerator is broken and filled with ice that melts and spills onto the floor, the landlord will usually have to foot the bill to repair the damage. If the same refrigerator or other water damage caused by the break-in to happen on the tenant’s own property, the landlord will not be responsible, since the house or apartment would already be insured. With renters insurance coverage, the landlord will be responsible for replacing all of the damaged items, including the food and drinks spilled on the floor, as well as the cost of cleaning up the mess.
Another important benefit of renters insurance is the ability to rent out a home or apartment, without having to worry about whether you will be able to pay the deposit or carry enough insurance to cover the contents of your home. It covers everything from theft to fire damage, so you are covered no matter what happens. In addition to covering your personal belongings, most renters’ insurance policies also cover the personal effects of your tenant, if you so choose. Most policies also cover legal expenses resulting from an accident in your rental home, such as if a guest falls or suffers an injury in your home.
Kim Austin – State Farm Insurance Agent
4542 S 14th St, Abilene, Texas 79605