Renter's Insurance

If you live in a condominium or rent an apartment, your landlord's or condo association's insurance should cover damages to the building but such a policy only covers their building and not your belongings. That is why it's important that you have renter's insurance. Regardless of whether you rent a house, condo or apartment, replacing your stuff or defending yourself against a liability lawsuit can take a big toll on your bank account.

  • It provides for repair or replacement of your personal property in the event of a covered risk or "peril" that is outlined in the policy. Common perils named on most renter's policies include:

    • Fire
    • Weather
    • Electrical surge damage
    • Equipment failure
    • Explosions
    • Glass breakage
    • Collapse of roof or walls
    • Falling trees and objects
    • Damage by vehicles
    • Theft or burglary
    • Vandalism and malicious mischief
  • In this day in age, law suites are extremely common and all it takes is something as simple as a visitor slipping on your kitchen floor to trigger enormous liability expenses. This coverage applies whether the accident occurred on your property or anywhere else. Liability protection covers medical expenses and other compensations for injuries, and costs of a liability lawsuit for a covered incident.
  • Depending on your unique needs, you may want to add additional coverages to your policy. Available coverages or "endorsements" vary depending on the insurance company. Our agents can help you understand your options but below are some samples of special endorsements that are commonly accepted by our carriers.

    • Replacement Cost - This optional endorsement will pay to replace your personal belongings with no deduction in depreciation based on the underlying coverage limits of your policy.
    • Scheduled Personal Property - We recommend purchasing this coverage if you own "high valued" personal property that could possibly exceed the limits of your policy. These may include jewelry, collections, fine arts, electronics, athletic equipment, etc.