If you rent your home, the insurance carried by your landlord does not extend to you or your belongings. Renters insurance helps to protect you and your financial stability in the event of a costly incident.
Though different policies have different coverages, many renters insurance policies contain these key provisions:
Though renters insurance is not required by law, it is sometimes required by landlords, who mandate a minimum level of coverage. Even if it’s not required, though, it’s worth considering how much your possessions are worth and how much you can afford to pay out of pocket in the event of an incident. It may also be worth your time to look into specific types of coverage, such as flood coverage, based on the circumstances of your location.
Contact ProtectALL Insurance today to learn more about renters insurance and how best to use it.