If you live in a rental house or in an apartment, don’t feel secure just because your landlord have already insured the building you’re living in. Usually landlords only insure their property, that means they only protect the building and it doesn’t include your belongings or anything inside the building. It make sense because if they insure the building and everything in it they would have to pay a lot more money for the policy especially for apartment owners. So what if your home got robbed, burned or any other loss causes that might happened, how do you protect your belongings? or maybe there’s a guess experienced an acccident inside your apartment and then press charges against you?
There’s something called renters insurance that you can use to protect you from all those risks. This kind of policy will protect you as if you owned a home, it includes :
• Personal Property Protection
Covers the loss or damage of your stuff
• Family Liability Protection
Provides legal representation and protection against judgments
• Guest Medical Protection
Covers medical costs for visitors injured at your home
• Additional Living Expenses
Reimbursement for costs of temporary housing during reconstruction
Coverage Choices:
• Replacement Coverage – Allows you to receive the full purchase price of lost items
• High Value Item Coverage – Extends protection beyond your basic policy limits
What about protection against flood ? well, usually a renters policy doesn’t cover floods, but you can ask the insurance company the possibility for you to have a national flood insurance policy.
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