Your landlord's insurance doesn't cover your stuff.
Whether you’re renting an apartment, condominium, a house, or a shop-top flat, your landlord’s insurance doesn’t protect your property. When your neighbor forgets to turn the oven off and the building goes up in smoke, your time, money, and memories will too, if they’re not covered with a comprehensive a renter’s insurance policy.
Renter’s Coverage Options
Standard renters insurance coverages include personal liability, personal property, loss of use, and medical payments to others. These coverages offer protection against damage to your personal belongings from a covered loss and liability for someone else’s damages or injuries, plus additional living expenses if you’re forced to live elsewhere due to a covered loss. You can also add coverage to your renters insurance policy for personal injury lawsuits and water back-up incidents.
Personal Property
A standard renters insurance policy covers damage to your personal belongings up to your policy’s limits, including furniture, clothing, electronics, and appliances you own. Damaged or stolen personal property can also be covered while travelling or in a storage unit. Depending on your policy, personal items may be covered for their replacement cost value or actual cash value.
Loss of Use
If you’re unable to stay in your rental unit due to a covered incident, loss of use coverage may pay for hotel, rent, and food expenses above your normal cost of living. Be sure to keep your receipts so your expenses can be properly documented and reimbursed. A renters insurance policy from LA Insurance can give you peace of mind, protection, and above all, the confidence that you can bounce back from any unfortunate event.
Personal Liability
Renters Insurance Personal Liability Coverage provides renters with a crucial safety net. If accidents occur within your rented space and you’re found responsible, this coverage shields you from potential financial burdens. Stay protected and enjoy your home with confidence, knowing you have the right insurance on your side.
Medical Payments
Renters Insurance Medical Payments Coverage ensures that medical expenses for guests injured in your rented space are taken care of, regardless of fault. It offers peace of mind, knowing you can welcome visitors to your home without worrying about unforeseen accidents. Protect yourself and your guests with this essential coverage.
Optional Renters Insurance Coverages
Water Back-Up
Some apartments and rental homes have sump pumps in their basements or crawl spaces. If plumbing or sewer systems get backed up, water can seep into your place and cause costly damage. Adding water back-up coverage on your renters insurance policy may pay for damage to your belongings and the cost of water removal.
Personal Injury
Personal Injury Coverage safeguards you from legal costs if you accidentally injure someone or cause property damage. It covers expenses like legal defense and court settlements, providing peace of mind and financial security. It may also pay your legal fees and damages from slander or libel lawsuits. Ask your agent for details.