Renters Insurance
Many families find renting an excellent housing option, but even renters should consider the importance of insurance. At Clive S O Abrama & Associates LLC, we can help you better understand your options regarding renter's insurance in Georgia. Keep reading to learn more.
Is My Landlord's Insurance Enough?
Your landlord will have property insurance for the property you are renting. However, it would help if you understood that this policy is for the property only. Your landlord's property insurance will not cover your possessions in the house. It will also not cover any personal possessions that are kept on the property, such as vehicles.
What Does A Renter's Policy Cover?
A renter's policy will provide financial coverage if your personal belongings are lost or damaged in the rental home. The policy will pay for your items to be repaired or replaced.
What Types of Items Are Covered?
When you purchase a renter's insurance policy, you will work with an insurance expert to set a value for your belongings. This value will determine how much coverage you should set the policy for. If there are specific items you want to ensure individually, this can also be discussed with you sit down with this professional.
The amount of coverage will vary from person to person because the value of the belongings will differ from person to person. In general, a policy can be set up to cover things such as:
- Clothing
- Jewelry
- Collectibles
- Electronics
- Furniture
- Other items
Do All Renters Have Renter's Insurance?
It is recommended that all renters carry a renter's insurance policy. If you do not have this policy, you risk financial insecurity should your items be lost in the rental property.
If you want to learn more about renter's insurance or any of our other insurance products for Georgia residents, please contact us at Clive S O Abrams & Associates LLC.
