Here are some answers to some common renters’ insurance questions:
Doesn't my landlord's insurance protect my personal belongings?
No! Your landlord’s insurance policy is there to protect him, NOT you. If there was a fire, you would have no recourse to collect on your belongings that were destroyed. This also goes for liability claims; if someone is injured on the rented premises and sues you & the landlord. You would be on your own to come up with the money you were found liable for.
How do I make sure all of my belongings are covered under my renter’s policy? How is it updated?
We recommend that you create an inventory of all of your belongings. While it’s important to include possessions such as televisions, stereo equipment and CDs, it’s also important to remember to include EVERYTHING that’s contained in your dwelling. The cost of replacing your clothing, linens, dishes, etc. will add up quickly in the event of a loss. It’s important to keep that inventory list somewhere outside of the rented residence. If your residence suffers a loss from fire, etc. you don’t want to risk losing the only copy of your inventory. There are many computer programs and smart phone apps available for this.
If I have a pet, is it covered under a renter’s policy?
Pet owners are liable for injuries that are caused by their pets. It is essential for people to monitor their pet, and do everything they can to prevent their dog from biting someone. Dogs are covered under renters’ insurance; there are usually certain breeds that are deemed unacceptable and would not be covered.
However, if your pet is injured or killed due to a covered claim, the loss of the animal is NOT covered under a typical insurance policy.
What if a covered claim prevents my apartment from being livable?
Most renters’ policies will cover reasonable living expenses necessary to maintain a normal standard of living for a specified time. A covered loss must make your residence premises uninhabitable (subject to policy terms and conditions).
Doesn't my landlord's insurance protect my personal belongings?
No! Your landlord’s insurance policy is there to protect him, NOT you. If there was a fire, you would have no recourse to collect on your belongings that were destroyed. This also goes for liability claims; if someone is injured on the rented premises and sues you & the landlord. You would be on your own to come up with the money you were found liable for.
How do I make sure all of my belongings are covered under my renter’s policy? How is it updated?
We recommend that you create an inventory of all of your belongings. While it’s important to include possessions such as televisions, stereo equipment and CDs, it’s also important to remember to include EVERYTHING that’s contained in your dwelling. The cost of replacing your clothing, linens, dishes, etc. will add up quickly in the event of a loss. It’s important to keep that inventory list somewhere outside of the rented residence. If your residence suffers a loss from fire, etc. you don’t want to risk losing the only copy of your inventory. There are many computer programs and smart phone apps available for this.
If I have a pet, is it covered under a renter’s policy?
Pet owners are liable for injuries that are caused by their pets. It is essential for people to monitor their pet, and do everything they can to prevent their dog from biting someone. Dogs are covered under renters’ insurance; there are usually certain breeds that are deemed unacceptable and would not be covered.
However, if your pet is injured or killed due to a covered claim, the loss of the animal is NOT covered under a typical insurance policy.
What if a covered claim prevents my apartment from being livable?
Most renters’ policies will cover reasonable living expenses necessary to maintain a normal standard of living for a specified time. A covered loss must make your residence premises uninhabitable (subject to policy terms and conditions).
Any information provided on this website is for informational purposes only. All insurance policies are subject to their specific policy limitations and exclusions. Please check with your current insurance provider for the most accurate information on your insurance coverages, limits, and exclusions.
