Albany KY Renters Insurance
Insuring Rental Homes - People who rent out their own homes understand the importance of having insurance coverage against things like vandalism, fire, theft, floods, earthquakes, and other natural disasters, but some renters and landlords think that a personal homeowners insurance policy will cover any damages done to tenants under the liability portion of a personal home insurance policy. That is a big NO-NO, the moment a property owner decides to lease out their property, different liability and safety considerations arise. There are now, commercial considerations that need to be addressed.
What is Renters Insurance Coverage?
Renters insurance helps provide financial protection for tenants and landlords against damage done by fire, theft, and vandalism while also providing a limited amount of liability protection for visitors, guests and sometimes family pets. Given the price of electronics, jewelry, clothing and more, research has shown the average 2 bedroom renter owns close to $30,000 in personal property. (Actual values may vary throughout the U.S.this is a rounded estimate a standard two-bedroom apartment.)
Your renters insurance policy can include:
- Personal Property Protection - Covering the loss or damage of a renter's personal belongings usually on and, in most cases, off of your premises
- Liability Protection - Providing legal representation and protection against judgments for covered events
- Guest Medical Protection -generally covers medical costs for visitors injured at a renter's home
- Reimbursed Living Expenses - Reimbursement for costs of temporary housing, should it be necessary
Davis Insurance Group offers a variety of ways to save with renters insurance discounts for:
- Monitored fire and burglar alarms
- Local ultrasonic burglar alarms
- Dead bolt locks on all exterior entryways
- Fire extinguishers
- Sprinkler systems
- Renters insurance combined with auto insurance or other policies
Purchasing the right renters insurance policy with the right riders ensures that your property is financialy protected. Don’t make the mistake of thinking a personal home insurance policy will make you invincible to the damages of renters or landlords; you do need a specialized renters insurance for your own belongings, even if a landlord has home insurance. You are the only one who is responsible for protecting your assets. Contact Davis Insurance Group today for more information and fill out our free renters insurance quote form!
Kentucky Insurance Agency offering Renters Insurance policies in
Albany,
Monticello, Somerset, and Glasgow Kentucky.
written by DC don't change
