If you rent a house or apartment, be sure to consider signing up for a renters insurance policy. This type of coverage can benefit you when unexpected events harm your belongings. It may also be required in some situations.
The state of Pennsylvania normally doesn't require anyone to have renters' coverage. Nevertheless, certain landlords expect tenants to have this kind of insurance. If in doubt, refer to your rental agreement. You could also contact the owner or manager of the building for clarification.
Your landlord probably has insurance that covers damage to the building and equipment he or she owns (except when a security deposit is used). However, it normally won't safeguard your personal belongings. A renters' policy covers things like furniture, clothes, small appliances, and electronics. It doesn't protect items owned by a roommate.
Renters' policies often provide liability coverage, as well. This benefit could come in handy if a person suffers accidental injuries after entering your home. It may also cover damage that your family or pets inadvertently cause to someone else's property. Insurance might allow you to avoid the consequences of legal action.
This type of coverage can protect certain items outside of your rental house or apartment. Things like small boats, bicycles, and portable electronics may qualify for coverage under the right circumstances. You can also add riders that protect other valuable belongings.
If a policy includes additional living expenses, this feature could benefit you when a disaster makes it impossible to live in your rented home. The insurer will supply things like a motel room and meals at a restaurant until your house or apartment has been adequately repaired.
Al Leach Insurance Agency LLC can provide you with a policy that meets all of your needs. Please visit our office in Pennsylvania or call Al Leach Insurance Agency LLC today for a renters insurance quote.
