Protect Your Belongings with Renters Insurance Coverage

Just because you don’t own a home doesn’t mean that you don’t need property insurance coverage. How much would it cost you to replace all of your furniture, clothing and other property contained in your residence? If your apartment building burned down, or your rental home sustained hurricane damage that you lost many of your belongings and had no place to live, renters insurance coverage could help replace your belongings and pay for living expenses. Or, if you had a party and a guest fell down the steps and you became the defendant in a lawsuit, a renters property insurance policy may offer coverage for legal fees and fees awarded to the plaintiff.

Best Renters Insurance Policies - Ask the Experts at ICG.

A renters property insurance policy is actually a type of homeowner insurance policy which does not offer coverage for the building you live in (because you don’t own it), but it does offer coverage for your personal property, loss of use, liability coverage and medical payment to others.

Personal Property Coverage: protects your personal possessions and household contents in the event that they are lost or destroyed by a covered peril. The amount of coverage you need is determined by the value of your personal belongings.

Loss of Use: If a covered peril (fire for example) makes your home uninhabitable (you have to move out until it is repaired) this coverage will provide for your living expenses. Those expenses typically include hotel bills, restaurants, dry cleaning, or any expense (up to the limit of your policy) that is caused by your inability to live in your home.

Personal Liability Coverage: This coverage protects you against any lawsuits (up to the limit of your policy) where you, or a covered family member, are legally found at fault to have caused bodily injury or property damage to someone else. This coverage may also extend to any pets that you have that may cause bodily injury or property damage to others.

The Medical Payments: Any medical expenses (up to the limit of your policy) that you are held responsible for due to an injury to another person occurring on premises legally rented by you.

How much is renters insurance?

Cheap renters insurance is pretty easy to come by under most circumstances. The insurance professionals at Insurance Capital Group can help you compare renters insurance programs and help you find the right amount of coverage to keep you and your possessions protected. High quality, cheap renters insurance is only a phone call away at 866-946-7868!

Unlike must homeowners who typically have insurance to cover their property, renters are on their own to protect their individual belongings. Call Insurance Capital Group today at 866-946-7868 to compare renters insurance policies and to find the best renters insurance product to meet your needs. Or, complete our insurance qoute form online and one of our agents will contact you shortly.