Renters insurance is a type of insurance policy that can cover personal belongings and loss not covered by the landlord’s insurance. It is similar to a homeowner’s insurance policy but with typically more affordable rates. As with any other type of insurance policy, there are both premiums and deductibles as well. While several individuals may skip out on this type of coverage, there are several reasons why a renter may want to think twice…
Rent insurance is actually for anyone that does not own their own home. It is not limited to one specific type of renter. Therefore, it does not matter if the individual is renting a home or an apartment. This type of policy is really for anyone who rents any type of dwelling. Even those that think that they may have nothing worth insuring can benefit and be surprised as to what renters insurance covers and the protections that it may provide.
Different Types of Coverage:
Two of the most common types include what is often referred to as a replacement policy and an actual cash value (ACV) policy. The replacement policy actually replaces items covered and the ACV policy reimburses the renter for the value of the items.
Major Benefits:
There are multiple benefits to renters insurance. First and foremost, these policies can protect against both major and seemingly minor events such as theft, fire, vandalism and even injury to another person within the dwelling. Jewelry, electronics and even furniture items may be covered, just to name a few.
Contact JmJ Insurance today we have great rates and we have great Renters Insurance policies with offices in Suwanee, GA.