RENTERS COVERAGE FAQS

QUESTIONS THAT CONCERNS YOU:

Is my coverage adequate?

  • Is it the right coverage?
  • What does all the technical insurance-speak mean, anyway?

DO I NEED RENTERS INSURANCE IF MY LANDLORD HAS INSURANCE?

Yes, to insure your stuff. Your landlord's insurance policy only cover damages to the building not the replacement of your personal property nor cover your relocation costs, should you need to move out while repairs are made.

I DON'T HAVE MANY VALUABLES. DO I STILL NEED RENTERS INSURANCE?

Look around your home. Imagine how much it would cost to replace every personal item you have. Can you afford to do that? Probably not. You want to consider renter’s insurance.

DOES RENTERS INSURANCE PAY MY RENT IF I CAN'T?

Renters insurance does not pay your rent. Depending on your coverage, expenses related to temporary housing while your building is being rebuilt or repaired after being damaged by a covered loss. Renters insurance options and requirements can be complex. I offer a free service that simplifies your options. You can easily decide if your policy gives you the coverage you want. Let's have a conversation.

RENTERS INSURANCE DEFINED

The insurance industry loves its jargon. And unless you're around it every day, as I am, there is a strong possibility it might leave you scratching your head. These definitions can help minimize confusion.

PROPERTY

Renters insurance provides coverage for damage to your personal property. Coverage is on a named -peril basis, which means that only losses resulting from causes listed in the policy are covered, subject to limits and exclusions.

LIABILITY

Covers you when you're legally liable for someone else's bodily injury or property damage resulting from an accident, negligent acts by you or household members - on or off premises. Included are:

  • Costs to resolve claims or defend lawsuits brought against you
  • Acts of your pets both on and off your property; however, pets that have a "vicious" history may be excluded from coverage

MEDICAL PAYMENTS

Pays medical costs for people injured at your residence (other than residents of your household), regardless of who's liable.

ADDITIONAL LIVING EXPENSES

Covers additional living expenses up to 24 months (depending on the policy type) if a covered loss makes your home unfit to live in.

OPTIONAL COVERAGE-RENTERS

There are also optional coverage to consider. Understand all your choices, so you can make the right ones.

FLOATER POLICY

Provides extra coverage for specific items like art, jewelry, collectibles and more - stuff that has a little more value and falls outside the limits of your renter' s policy.

REPLACEMENT COST

Contents-replacement cost is available for repairing or replacing lost or dam aged items without deducting for their depreciation.

IDENTITY SHIELD®

Provides assistance in the resolution and coverage for losses due to identity theft credit and public-records monitoring and identity or travel documents replacement.

When you have an insurance need, call Debbie Baskin at (901) 476-9977.  Where we help you restore your world to order as quickly as possible. It's all part of our commitment to getting you back where you belong in the event of an unfortunate incident.

Click here for Renters Coverage Review  (PDF format)

We provide Auto, Home Owners, Renters, Business, Motorcycle, Recreational, Umbrella, and Life Insurance.  Call us at (901) 476-9977 or get a free quote.