Renters insurance is a type of insurance designed to protect the belongings of those who rent homes or apartments. From accidents to theft to natural disasters, there are many ways renters are at risk. The coverages provided by a renters insurance policy can help minimize the impact of these events should they occur. Three types of coverages provided in a renters insurance policy in Hancock County Ohio are personal property coverage, liability coverage, and additional living expenses coverage.
Personal Property Coverage
One type of coverage included in a renters insurance policy is personal property coverage. This component of a policy can help cover the cost of replacing personal property items that become damaged by certain perils, such as theft or fire. It is up to each individual renter, with the assistance of their insurance provider, to decide the value of their belongings and choose the appropriate coverage, keeping in mind that high-value items, such as jewelry or coins, may require additional coverage.
Liability coverage is also a part of a renters insurance policy. This part of a policy is designed to protect the renter, in case a person is injured in their rental home or apartment. If a guest is injured or their property is damaged while visiting the renter’s home or apartment, it is possible that the renter will be legally responsible for the medical bills or damages. Liability coverage can help cover those costs. The renter’s insurance provider can help determine the best level of coverage.
Additional Living Expenses Coverage
The third type of coverage included in a renters insurance policy is additional living expenses coverage. This coverage comes into play if a renter’s home or apartment is damaged in a fire or other natural disaster. If such damage occurs, and the renter is unable to live in the home or apartment for a period of time while it is being repaired, the additional living expenses coverage can help pay for temporary lodging and other bills.
Huston Insurance can provide a renters insurance policy in Hancock County Ohio. Renters policies are available with coverages including personal property, liability, and additional living expenses. Experienced insurance agents can provide consultation and help decide the amount and level of coverage that is appropriate for a renter’s individual needs. Click here for more information.