Get DirectionsEverything you own inside a space you rent is covered under a renters insurance policy. Whether you’ve had coverage in place for years or never thought about it, our team at Meiners Insurance in Avon Lake, OH, shares some lesser-known facts about renters insurance.
Coverage Is More Valuable Than You Think
You likely own more than you realize, and the typical two-bedroom rental holds an average of $20,000 in possessions, if not more. The cost of replacing electronics, furnishings, and kitchen gadgets can be expensive, but rental insurance can help with replacement costs.
Renters Insurance Moves With You
There’s no need to worry about lapses in coverage when you move. Renters insurance is in place, regardless of where you and your belongings are. The policy covers your items during shipment to a new location or when put in storage.
Your Protection Covers Neighbors Too
Your insurance will cover your losses if you live in an apartment or have nearby neighboring homes and are found liable for causing accidental damage to another unit or their property. Smoke, fire, leaking pipes, and other hazards can result in costly losses to both your place and those nearby. You likely wouldn’t want to have to reimburse occupants in the whole building for an accident.
Renters Insurance Covers Clumsiness
Being klutzy inside the home can cause accidents, and your policy covers injury or accidents to your friends, yourself, and others while in the house. Slipping on the stairs, falling, or even someone tossing a remote through the TV by accident (it happens!) It is reimbursable under your insurance.
If you rent a space, call Meiners Insurance in Avon Lake, OH, to get more information and have a personalized renters policy that will meet your needs.
