What does rental insurance cover

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Renters may think they have minimal risks since they do not own the property in which they live. However, other than concerns with the actual building, renters have many of the same risks as homeowners. Renters insurance protects renters from risks associated with their place of residence.


The primary purpose of renters insurance is insuring the contents of the home or apartment. Renters insurance covers damage to or theft of the contents of a rental home or apartment. Potential loss of personal items through natural disasters, such as floods or fire, and through natural mishaps, such as broken pipes, makes renters insurance a good idea.


Renters are liable for damages caused to the rental property that results from their own negligence. For instance, if water is left running and flows over onto the floor and damages the floor, walls or carpets, renters may have to pay to have the items repaired or replaced. Renters insurance covers the cost of such damages. It also provides coverage for injuries that take place on the property.


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Renters insurance covers everything from the individual's personal property to liability coverage, and it is generally very affordable and can save a.

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Work with a qualified commercial insurance broker if your homeowners policy does not adequately cover your rental property. 2. get cheap.

You may find loss of use coverage available for boat insurance or even renters insurance. Loss of use covers a rental car.

Property insurance acquired by the owner doesn't cover your contents when you rent. You may purchase renters insurance to. Does Renters.

Depending on your insurance company's coverage options and the amount of coverage or deductible you chose, your renters insurance may pay for.

When tenants rent an apartment or house, they often assume the insurance the building's owner has covers them. Unfortunately, this is not.

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Source: ehow.com

Category: Insurance

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