Renters Insurance

As a renter, you’re responsible for what happens inside your dwelling. Renters insurance can provide you with needed financial protection against adverse circumstances, whether it’s covering your personal belongings in case of damage or ensuring you’re protected if someone is injured in your residence. 

What Is Renters Insurance? 
Renters insurance usually provides liability and property damage coverage. The liability portion of a renters insurance policy helps protect against claims of third-party bodily injury or property damage caused by you or another person listed as insured on your policy. It may also help pay for medical bills if someone has an injury in your rental.  

Two personal property coverage options are available with renters insurance: replacement cost value or actual cash value. If you insure at replacement cost value, you can replace your purchased belongings at today’s prices. Opting for the actual cash value can get you the replacement cash value minus depreciation at your loss.  

Some renters insurance policies pay a tenant’s temporary living costs if they need to live elsewhere because of a fire, severe storm or another covered disaster. This coverage may include hotel bills, temporary rentals, restaurant meals and other living expenses. Talk with your insurer about whether your renters insurance has this inclusion. 

How Much Insurance Coverage Should I Have? 
Your renters insurance policy premium depends on the value of your belongings and what you want to insure. There is no standard coverage since it’s usually optional. However, you may want an appropriate amount of coverage to protect your belongings. To ensure you buy the right coverage, it’s important to inventory your belongings, adding up the value of everything you’d want to replace if it were damaged or stolen. If you can, record model numbers, dates and where you purchased items, and take photographs or videos of your possessions.  

Renters insurance doesn’t cover floods, earthquakes, or routine wear and tear. Depending on your location and needs, you may need additional insurance coverage for flood and earthquake damage. We can help ensure you have the coverage you need for your particular living situation. 

Protect Your Financial Livelihood 
BeachInsure can help protect what’s important to you. Call us at 770-804-4817 today to get started on your renters insurance policy.