Renters Insurance is a form of homeowners insurance. It provides coverage for personal property, loss of use, personal liability and medical payments just like the conventional homeowners policy. It just doesn't provide coverage for the building or other structures since the renter does not own them. Just like the conventional homeowners policy the renter's policy can be endorsed to provide special protection on high-value items, like an engagement ring or specific liability needs, like a small powerboat.
It is estimated that only 30% of all renters carry Renters Insurance. Many renters believe that the landlord's policy will cover their stuff in the event of a loss. Sadly, this is not the case. Renters must purchase their own policy to protect their belongings.
Don't be part of the 70% that are leaving their financial well-being to Fate. CLICK HERE to have one of our insurance professionals talk with you regarding your insurance needs..