If you are a renter, you should understand what renters insurance is and consider whether you need it. We provide renters insurance in Bloomsburg, PA at The Good Insurance Group, LLC.
One important thing to understand is what types of possessions a renters insurance policy will cover. The following are three things that a renters insurance policy will cover.
Damages resulting from a fire
A fire at your rental property could quickly destroy all your possessions. If you have valuable possessions that you keep at your rental property, a fire could cost you a lot of money without renters insurance coverage.
With renters insurance, you will be reimbursed for any possessions that you lose in a fire.
Damages resulting from theft or vandalism
Another event at your rental property that could be extremely costly for you is theft. Renters insurance can compensate you for any possessions that are taken from your rental property in a burglary.
Renters’ insurance policies will also typically cover you for vandalism. Vandalism can deface and destroy valuable property. Fortunately, renters’ insurance will compensate you for these damages.
Liability expenses that come up for tenants
Liability expenses are perhaps one of the most costly and unpredictable types of expenses that a tenant can face.
As a tenant, you can be held liable for any injury or property damage that takes place at your rental property. Fortunately, renters insurance provides liability coverage for tenants. This is one of the biggest reasons why renters need a renters insurance policy.
At The Good Insurance Group, LLC, we provide renters insurance policies in Bloomsburg, PA. If you’re interested in purchasing renters insurance from us, get in touch with us to learn more about our policy options.