If you are a tenant, acquiring renters insurance is essential. Renting a home, apartment or condo is a huge responsibility. Renters insurance can protect you from covering significant expenses if an accident occurs inside the place you’re renting. 

How Renters Insurance Works 

Renters insurance works to protect any personal belongings or valuables kept inside the home, apartment or condo you’re renting. You pay an insurance premium in exchange for financial assistance from your insurance provider if an accident occurs, such as stolen jewelry or damaged furniture.  

Upon filing a claim, your insurance provider will send a claims adjuster to investigate the accident. After the investigation, the claims adjuster will determine the value of the damaged or stolen items. Your insurance carrier will then give you a check to cover the cost of those items, subject to applicable deductibles or policy limits. If you file a liability claim, your claim may undergo a different process. Please work with your insurance agent to find out how claims are handled. 

What Renters Insurance Covers 

Policies vary among tenants, but a standard renters insurance policy might include: 

• Possessions coverage

• Liability coverage 

• Additional living expense coverage

These plans can be tailored with additional coverage options such as:
 

• Scheduled items riders

• Umbrella liability insurance

• Flood insurance

• Earthquake and windstorm endorsements

• Pet liability insurance

For more information on potential coverages included in your renters insurance policy, contact the agents at Casey Insurance Group. 

How Much Renters Insurance Do I Need? 

Renters insurance needs generally depend on the tenant. Some homeowners associations might require tenants to carry renters insurance policies. Many landlords tend to require tenants to maintain renters insurance because they do not want to be held liable for damage to personal belongings or valuables. Regardless, getting renters insurance is an excellent way for tenants to stay financially protected if an accident occurs. 

Contact Our Agency 

If you are renting a place near Plantation, Florida, we can help you out. The experienced agents at Casey Insurance Group are determined to help tenants learn more about renters insurance policies so they can decide on the proper coverage. 

For more information, contact our agency today at 888-537-1412.