Renting your living space can be very convenient for you. Got a leaky faucet or broken air conditioner? All you have to do is call your landlord and next thing you know, it’s fixed! Because of the many conveniences included in renting many people don’t realize that they really need Renters Insurance. In the event of theft, fire, or flooding your landlord’s insurance policy will not cover your personal property or your liability. Renters insurance is more affordable than you think. Let us show you how for less than $1 a day you can potentially save thousands of dollars. In some cases, you may obtain your renters policy at no additional cost by combining with your auto insurance policy. Our insurance experts will make sure you get the lowest price possible.
The type of coverages that may be found in a renters policy are below:
Unscheduled Personal Property The contents of your home is insured on a replacement cost basis. This would include furniture, appliances, clothing and anything that you would move into the home after purchase of the home. There is some personal property that is limited under the standard policy and should be covered under a Personal Articles Floater. These items include but are not limited to money, jewelry, firearms, artwork and antiques.
Loss of use When a loss occurs due to a covered peril and the dwelling becomes uninhabitable, the cost of additional living expenses could be overwhelming. Reimbursement of any additional living expenses would be insured under coverage D of the policy.
Personal Liability The Personal Liability section provides personal liability coverage against a claim or lawsuit resulting from accidental bodily injury or property damage to others caused anywhere in the world by an insured. Coverage E does not provide protection for auto or business related incidents. This coverage protects you and all family members who live with you.
Medical Payments helps cover medical expenses for third parties that you may feel morally responsible but not legally obligated to pay although you do not have a legal obligation.
Do you live in a gated community? Does your home have a burglar alarm? Then you are eligible for additional discounts! Let Lake Insurance make sure your personal belongings are protected.
Click on the link to receive your renters insurance quote today.