RENTERS INSURANCE

Affordable protection for your family and your belongings

insurance to protect those you loveRenters insurance is a low-cost policy that covers the personal belongings stored in your apartment. Typically, this includes total loss from a fire, theft, and water damage. It also provides personal liability coverage against injury to another person inside your apartment due to your negligence. In almost all cases, your landlord’s policy will not cover your own belongings or medical reimbursement.

Many renters feel like they don’t own enough assets to make renters insurance worthwhile. However, just because you live in an apartment doesn’t mean you don’t need protection. The cost of replacing every one of your possessions in the event of a fire or other disaster could be financially devastating, so it’s best to have a policy just in case. Many times, your landlord will actually require you to have insurance before you are allowed to sign the lease.

What is covered under a standard renters insurance policy?

While every state has different minimum requirements for coverage, and every policy will be different depending on the provider and the person being insured, there are several basic categories that most insurance policies will protect:

Personal Property: protects the possessions stored in your apartment such as furniture, clothing, jewelry, and electronics in the event of theft or destruction from fire, some water damage, or smoke.

 

Liability: legal and medical coverage against the injury of someone else in your apartment.

 

Loss of Use: reimburses you for temporary housing such as a hotel if your apartment becomes too damaged to live in while repairs are being made. Landlords may extend coverage for these expenses but they are usually not legally obligated to do so.

 

Please note that these parameters are only examples of what the typical customer could expect to receive for this type of policy.  Actual coverage will depend on the provider and the person being insured.  Please talk to your A.R. Davis agent to find out what type of coverage you qualify for.

What categories can be added to a minimum policy?

While renters insurance is meant to be fairly basic, long-term renters may opt to add additional coverage. Specific items of high value such as engagement rings may require a policy endorsement. You can also purchase addendums such as identity protection and restoration, business property and liability insurance (for those who run a business out of their home), and extra liability.

Please note that these parameters are only examples of what the typical customer could expect to receive for this type of policy.  Actual coverage will depend on the provider and the person being insured.  Please talk to your A.R. Davis agent to find out what type of coverage you qualify for.

What can I expect to insure with A.R. Davis?

A.R. Davis offers excellent, low-cost renters insurance for apartments and homes.  The exact parameters of your policy will depend on the individual needs and qualifications of the business or person being covered.  Please speak to your A.R. Davis agent to find out what your policy will entail.

protect your belongings with renters insurance
comprehensive renters insurance from A.R. Davis