Even if you don’t own your home, you still want to protect the things you cherish inside of your residence. That’s why it’s extremely important to have renters insurance – a policy that protects your personal property and provides liability coverage for contents within a renter’s home or apartment.
What does renters insurance cover?
Your Independent Agent can help you understand your coverage options but should a misfortune happen, having renters insurance with MAPFRE can protect your personal property from things like fire, theft, smoke and vandalism. This type of insurance will also usually pay for temporary living expenses should your dwelling become uninhabitable because of a major loss to the building you live in, like fire.
Having personal liability protection under the policy will also cover you from legal responsibility for any accidents that occur to people or property caused by you, a member of your family or your pets.
Renters insurance also helps protect all the important items inside your apartment such as clothes, furniture, sports equipment, antiques, electronics, artwork, and more.
How much does renters insurance cost?
The cost of renters insurance varies due to a number of factors. For instance, if you live in a populated area, you will pay more than if you live in a more rural area. Add-on’s or floaters to your policy will also increase your rate.
Why should you consider renters insurance?
Because landlords don’t cover property damages should the apartment or condo you’re renting gets destroyed, renters insurance will protect you. While landlords usually have their own insurance coverage, their policies will not protect your personal property.
Your renters insurance policy also extends beyond the walls of your home and covers your personal belongings whether they are at home, in your car or with you on a trip. This means, if your camera or laptop is stolen from your hotel in Paris, you may be reimbursed for the loss.
Make sure you’re covered by renters insurance and get a fast, free quote today from MAPFRE!
Please Note: This content is not intended to describe any specific coverage offered by MAPFRE Insurance. No coverage is provided, bound or guaranteed by this article. Available coverages, credits and discounts vary from state to state and are subject to eligibility criteria and policy terms/conditions, which will control in the event of conflict between this article and your insurance policy. For information about your policy, please review your individual policy contract and speak with your insurance representative.
MAPFRE Insurance® is a brand and service mark of MAPFRE U.S.A. Corp. and its affiliates, including American Commerce Insurance CompanySM (Cal. COA 4928-8), Citation Insurance CompanySM, The Commerce Insurance CompanySM, Commerce West Insurance CompanySM (Cal. COA 1372-2), MAPFRE Insurance CompanySM (Cal. COA 3039-5), and MAPFRE Insurance Company of FloridaSM.