Renters Insurance Information
Homeowner Condo Insurance
Renters Insurance Information
Have an apartment in Sarasota, Bradenton, Venice or the surrounding areas? The average renter's insurance policy is $150 a year. You've worked hard to earn everything you own. Protect your belongings and lifestyle with affordable renters insurance.
One of the most commonly repeated myths about insurance is that renters don’t need insurance because their landlord’s policy provides coverage for the renters’ property. No, it doesn’t. Further, if someone slips and falls in your apartment or rented home, your landlord’s insurance usually won’t provide any coverage for you if you are sued.
Renters insurance is basically like homeowners coverage without coverage for the structure. Renters insurance provides coverage for your possessions and for liability if someone injured while on your premises sues you. Renters insurance also covers any of your possessions when they are away from your residence, including in your car.
In addition, renter’s policies provide what are called additional living expenses. If some catastrophe covered by the policy -- fire, bursting pipes -- makes the place you are renting uninhabitable, the policy will pay some of the costs you incur to live somewhere else while the residence is being repaired.
Rates listed in this chart for coverages are for sample purposes only and based upon a monthly premium.
Personal Property Protection with $500 deductible, $100,000 in Family Liability and $1000 in Guest Medical protection
is included. If you live in Sarasota, Bradenton, Venice or the surrounding areas, you can afford renters insurance. Get protection for your belongings today.
With renters insurance, you will be able to replace what is damaged or stolen.
Renters insurance covers your possessions against losses from fire or smoke, lightning, vandalism, theft, explosion, windstorm, and water damage from plumbing. However, renters insurance does not cover floods, earthquakes or routine wear and tear. You can, however, buy separate policies for flood and earthquake damage.
If you are forced out of your home because of a disaster your additional living expenses will be covered.
Renters insurance pays the reasonable additional costs of temporarily living away from your home if you can't live in it due to a fire, severe storm or other insured disaster. It covers hotel bills, temporary rentals, restaurant meals and other living expenses incurred while your home is being rebuilt. Coverage for additional living expenses differs from company to company. Renters insurance also covers your responsibility to other people injured at your home or elsewhere by you, a family member or your pet and pays legal defense costs if you are taken to court.
Decide How Much Insurance You Need.
Add up the cost of everything you would want to replace if it were damaged or stolen. This could also serve as the basis for an inventory that will make filing a claim easier. For an inventory, also record model numbers, dates and places of purchase. Take photographs or make a video of these items and place a copy of the inventory in safe place away form your home. If you rent an apartment or house you need insurance to protect your belongings. While your landlord might have insurance, it only protects the building. Your belongings are not covered under those policies.
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