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Bloomsburg, PA 17815

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The Dangers of Not Investing in a Renters Insurance Policy

The Importance of Renters Insurance

Approximately 55% of American renters are protected against personal property damage and liability claims via renters insurance. If you’re currently unprotected, consider learning about and obtaining renters insurance in Bloomsburg, PA, through our team at The Good Insurance Group LLC.

Potential Risks & Consequences If Uncovered

Going without renters insurance could expose you to several risks and consequences, as discussed below.

Violation of Lease Terms

Though having renters insurance isn’t legally necessary in Pennsylvania, many landlords mandate tenants to keep it. A close perusal of your lease’s terms could show whether your lease requires renters insurance.

Risk of Heavy Financial Burden

If a fire or theft causes property damage, you’d need to bear the cost of replacing lost or damaged belongings without renters’ insurance. However, renters insurance offers a protective financial shield, negating out-of-pocket costs for recovery or replacement.

Undermining Your Peace of Mind

Living without renters insurance could cause you to constantly worry about the security of your rental property and belongings. However, obtaining an appropriate renters insurance policy can restore your peace of mind.

Securing Your Renters Insurance Policy

Interested in gaining the assurance that renters insurance provides? Contact us at The Good Insurance Group LLC to learn how you can safeguard your rental property in Bloomsburg, PA.

What Does Renters Insurance Cover?

When someone rents a house or an apartment, there are usually some requirements that the landlord or the state has. One of these requirements is probably insurance. While the state might not require tenants to have renters insurance, most landlords require it before you can sign the lease. If you are new to renting, you might not know what all renters insurance covers. Here are some everyday things renters insurance covers across most insurance companies.

Personal belongings

Whether you are a renter or a homeowner, you most likely have personal items to put into your home. Personal belongings refer to the things you own, such as clothes, furniture, appliances, electronics, etc. One of the most well-known parts of renters insurance is coverage for personal belongings.

Liability coverage

Liability coverage is a common type of coverage across all types of insurance, including renters insurance. For example, you have a guest over at your home. They are walking on the front steps, and they trip and fall. Your guest ends up breaking their leg and has medical bills because of it. Liability coverage pays for the medical bills and any possible lawsuits from the accident.

Medical bills and legal fees add up quickly. Without liability coverage, you would be stuck paying for all of those expenses by yourself, potentially draining whatever savings you have.

Additional living expenses

Sometimes something like a natural disaster or a fire happens, leaving you without a livable place. Suppose the site you are renting becomes unlivable. In that case, your insurance can help you with the additional living costs, including hotel rooms and food, until your home gets fixed and becomes livable again.

Contact The Good Insurance Group

For more information about renters insurance, contact us at The Good Insurance Group LLC in Bloomsburg, PA.

How Do I Decide How Much Renters’ Insurance I Need?

You don’t want to lose the possessions you have in the house or apartment you rent to fire, theft, or some other calamity. We at the Good Insurance Group LLC urge you to buy renters’ insurance. How much you need depends on what your home inventory reveals.

Residents in Bloomsburg, PA, or any city can compile one by listing the contents of each room. Think TV, computer, furniture, clothing, and jewelry. Don’t forget smartphones.

Apps Simplify and Organize the Process

A better —and probably more accessible way—is to use technology. Research free and paid apps. They also let you store pictures. Some even allow you to scan QR codes.

The National Association of Insurance Commissioners (NAIC) offers free apps for iOS and Android phones. Other apps include, but are not limited to, BluePlum Home Inventory, Encircle, My Stuff, and Sortly. Mememto Database is suitable for Android, Windows, Linux, and Mac.

Of course, having receipts helps to determine value. If you don’t have them, estimate the cost. If you have particularly valuable items, you probably have already had them appraised.

Even if you don’t use an app, take photos or videos of your possessions and record the make, model, and the serial number of each. Doing this establishes their existence and their condition before an incident.

Include any descriptive information, and record how old each item is. Add up the values to determine how much insurance you need. Do you want a policy that offers replacement value or one that factors in depreciation?

The Good Insurance Group LLC agents, which serves Bloomsburg, PA, can guide you in determining how much coverage you need. Contact us today.

Reasons to Buy Renters Insurance

If you just moved to Bloomsburg, PA, and are renting a property, it is smart to buy renters insurance. The Good Insurance Group LLC has seen many residents in this region avoid renters insurance only for them to suffer in some difficult situations. Here are some of the reasons why it is important to buy renters insurance. 

Provides Liability Coverage

Liability coverage is one of the most important benefits as to why you should always consider buying renters insurance. If a visitor is injured while in your rented property, renters insurance can help handle all the associated medical expenses. Most insurance companies are ready to pay for such liabilities even when the house owner is not at fault. 

Provides Personal Property Coverage

In most cases, personal properties are some of the most valuable items that an individual has in a rented property. Therefore, it is important to consider protecting such items against possible perils such as fire and theft. If any of the insured uncertainty occurs, your renter’s insurance will be ready to cater for property coverage in cash value or replacement costs.

May Cover Additional Living Expenses

Some policies are ready to cover additional living expenses. If your renter’s insurance is willing to cover a significant proportion of your heating bills, there is no doubt that you should have a beneficial policy. It will lower your living expenses when most of the families are struggling to cater to their families and pay for various living expenses.

The Good Insurance Group LLC is one of the leading insurance organizations offering renters insurance in Bloomsburg, PA. As a proud provider of renters insurance, we have reliable policies and are ready to help our customers find great coverage.

Three things renters insurance should cover

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.