Atlanta Renters Insurance
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Renting a home or apartment comes with a lot of stress. When you leave, you worry about your belongings even when they’re locked in your apartment, and you might wonder what would happen if a disaster destroyed the rented property. Luckily, there’s renters’ insurance to protect your possessions in case of disaster. Guardian Insurance had served clients for over 10 years by comparing prices and finding affordable renters’ insurance policies for the right amount of coverage.
What Does Renters Insurance Cover?
A general renters’ insurance policy will cover:
- General Liability: General liability helps if you cause bodily injury or property damage to someone else, even off the rented property.
- Personal Possessions: Personal possessions coverage compensates you for loss or damage done to your belongings caused by any one of the listed perils. Perils include fire, theft and vandalism.
- Additional Living Expenses: If the building is damaged until it becomes uninhabitable, additional living expenses assists with the cost of living somewhere else while repairs are being made.
- Pet Liability: If you have a pet, your landlord may ask that you have pet liability insurance. This is in case your pet causes bodily injury or property damage to another tenant.
How Does Renters Insurance Work?
Renters’ insurance covers only you and your personal belongings, not the structure itself. The rented property and its assets should be covered under the landlord’s property. When purchasing a renters’ insurance policy, you must decide between receiving actual cash value or replacement value for your lost or damaged possessions. Actual cash value accounts for depreciation, so the amount you receive for the lost belongings may be less than what you initially paid for them, while the replacement value will replace the possession(s) exactly as they were.
Also Read: 3 Common Myths About Renters Insurance By First Time Renters
How Much Renters Insurance Do I Need?
Some landlords may require that you carry general liability and pet liability in order to keep other tenants safe, but renters’ insurance isn’t always required. You should purchase enough insurance to cover your possessions in case of loss or damage, especially if you have expensive belongings such as computers and jewelry.
Who Needs Renters Insurance?
Anyone renting a property should consider renters’ insurance, but especially professionals and students. One of the worst possible scenarios for professionals and students is having a laptop stolen. Not only are laptops generally expensive, but the information on it is invaluable. You want a replacement as soon as possible so you can start working on retrieving your information.
Where Can I Get Renters Insurance?
Guardian Insurance works with a wide list of carriers to find affordable renters’ insurance for renters in Atlanta and beyond. Call us today at 855.554.6482 or fill out an online quote form to get started now.
Insurance Resources on Renters Insurance