Renter’s Insurance

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Is renter’s insurance necessary?

Recent estimates show that out of the 81 million people who rent, almost two-thirds do not have renter’s insurance and are not protected against damage or theft of their belongings or any liability resulting from their tenancy. Here’s how you can avoid being a statistic… 

• First, add up what it would cost to replace everything you own.
• Second, look over your lease and see whether you are required to have a renter’s insurance policy.
• Third, ask for a Ravenna renter’s insurance quote to find out just how affordable it is to protect your things from dangers like fire, vandalism, theft and falling objects.

Being a renter comes with some advantages…

Being a renter makes life easy in some ways: No lawn cutting, no snow plowing, no property taxes… it’s the simple life!

But what if you came home to find everything you own had been destroyed in a fire? Or your most valuable belongings had been stolen during a break-in? 

It’s common to think the building owner’s insurance covers all fire damage.

It doesn’t.

The person who owns your building is required to insure the structure. Generally, this covers everything outside of your apartment. For the most part, everything inside your apartment is your responsibility.

So, unless you buy a renters insurance policy, all your electronics, appliances, furniture, jewelry and clothing are not covered.

How Much Would it Cost to Replace All Your Things?

You may think your “things” aren’t worth all that much, if you’ve ever even thought about it at all. It’s true that your stuff may not be worth much dollar-wise, but that’s not the same as how much it would cost to replace all of it. Purchasing new clothes, a computer or a new bedroom set can cost you quite a lot, especially if what you have now is old, or even outdated.

Ravenna renter’s insurance is surprisingly affordable. In addition to covering all your things, it protects you from liability if someone gets hurt while they’re in your apartment. This means the renter’s insurance policy will cover you, up to the policy’s limits, if someone sues you and a judge rules against you.

What else does the renter’s insurance policy cover?

Ravenna renter’s insurance can cover almost all of your personal items. Most coverage includes furniture, clothing, small appliances, electronic goods and equipment, sports equipment, glassware and china, photography equipment, and books. With extended protection, you can cover your computers, watercraft, furs, jewelry and firearms. Generally, your Ravenna renter’s insurance includes: 

• Personal property protection
• Guest medical protection
• Family liability protection
• Liability protection for people on your property
• Additional protection
• Temporary housing
• Additional living expenses
• Lawsuits that hold you responsible for: Injury to someone else; damage to someone else’s property (whether or not the incident happened in your rental or somewhere else)

We strongly urge all renters to pick up a calculator and total up what it would cost to replace everything they own. What if your apartment burns down? Where would you live? How would you come up with the money to replace your furniture, clothing or appliances? If you’re wondering what renter’s insurance covers, relax… it covers all of the above.