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Monday, February 16, 2015

Renting?? Need to know

From a dear friend in the insurance industry. T.J Jones a great guy and if you need his information please let me know.

Renters Insurance is Needed and Often Required



Buying renters insurance is very easy and inexpensive. Often, just a call to
our office is all that is needed. But many renters forget about, or do not feel
the need for,renters insurance. Often, tenants have a false sense of security
thinking that they will automatically be covered if something were to happen to
the home that they are renting. Sadly, many young people fail to buy renters
insurance because they mistakenly think it's too expensive.

Please do not wait until it is too late, purchase renters insurance today.



What Does Renters Insurance Cover?

Renters insurance
covers your personal property such as clothes, computers, electronics,
furniture and more. If your property is damaged in a fire or stolen, renters
insurance can be there to help you. The policy also covers your property when
it is away from your home; for example, if your laptop is stolen or damaged due
to a covered peril when you take it with you on vacation.

Renters insurance also covers your personal liability. If someone is injured
while in your apartment or condominium you can be held liable. You may be
responsible for medical bills and could be subject to a lawsuit.

If your apartment building is destroyed by a fire, you may need additional
living expenses and renters insurance can provide that too. Your policy can pay
for necessary increases in living expenses incurred so that your household can
maintain its normal standard of living.

Your landlord may require renters insurance as part of your lease agreement.



Replacement Cost

Always buy replacement cost coverage on your
property. This will reimburse you for the full cost of replacing your
possessions. An insurer will not depreciate the value of your possessions in
this coverage.