• Home
  • Get A Quote
  • Customer Service
  • Refer a Friend
  • About Us
  • Location Map
  • Employee Directory
  • Privacy Policy
  • Contact Us
Call Us CALL US TODAY | 888-878-8685
Home
  • It's About You
    • It's About You
    • Win with Nation West
    • Your Success Matters
  • Your Home
    • Home Insurance
    • Tenants Insurance
    • Condo Insurance
    • Rental Property Insurance
    • Boat Insurance
  • Your Business
    • General Business Insurance
    • Retail & Restaurant Insurance
    • Manufacturing Insurance
    • Associations & Non-Profit Insurance
  • Your Life
    • Term Life Insurance
    • Critical Illness Insurance
    • Disability Insurance
  • Your Vehicle
  • Find A Broker
  • Claims Service
  • Make A Payment
  • Contact Us
    • Contact Us
    • Locations
    • Employee Directory
    • Make a Payment
    • Our Story
    • Testimonials
Homeowners Insurance HOME

A standard policy insures the home itself and the things you keep in it.

Read More
Business Insurance BUSINESS

Discover the perfect insurance options to meet your specific and unique needs.

Read More
Life Insurance LIFE

Browse a variety of insurance options in order to find the right one for you.

Read More

 

Travel Insurance TRAVEL

Learn about different travel coverage options that fit your specific needs.

Read More
Boat Insurance BOAT

Finding insurance doesn't have to be difficult. We do the work for you.

Read More
Auto Insurance AUTO

Auto insurance protects you against financial loss if you have an accident.

Read More
Home > Blog > How Does Renters Insurance Work?
MONDAY, NOVEMBER 12, 2018

How Does Renters Insurance Work?

Young renter sitting on floor of apartment

If you rent an apartment or home, you might not be thinking about insurance. After all, you don’t own the building and your landlord may have insurance in case something happens. But if your living room is damaged in a fire, your landlord’s policy likely won’t cover your brand new laptop or your vintage vinyl record collection.

Renters insurance helps protect your personal property inside your apartment — your electronics, furniture and clothing — unlike a homeowners policy that generally covers the building as well as what’s inside. In insurance speak, protection for your personal property is also known as “contents coverage.” And, as a renter, if you invest in updating items such as built-in appliances or bathroom fixtures, you may be able to apply a percentage of your contents coverage to repair or replace what has been damaged.

Renters insurance can also protect your personal possessions from theft, fire, vandalism and other hazards, both at home and anywhere in the world. So if there’s a theft at the hotel you’re staying at while on vacation, your renters insurance may help you replace your stuff the same way it would if your things were stolen from your apartment.

Protecting You, Along with What’s Inside Your Apartment

It’s not just your possessions that renters insurance coverage can help protect. It can also help protect you. In case a claim is brought against you or you are sued by a third party, your renters personal liability coverage can help to cover the legal costs and related damages. Many renters policies provide a minimum of $100,000 of financial protection that may help if someone claims injuries or damages while in your apartment, or caused by your personal activities or those of your household members.

For example, if you are found legally responsible for accidental fire damage to the building where you live, liability coverage in a renters insurance policy may provide financial protection. This liability protection may also extend to any vacation property that you rent.

Like homeowners insurance, renters insurance can pay for necessary additional living expenses if you are unable to live in your apartment due to a fire or other loss that your insurance policy covers. You can also opt to purchase additional coverage for your valuable possessions that might have limited coverage in a typical policy, such as jewelry, fine art or silver.

Things to Know About Renters and Landlord Insurance

So, while your landlord’s insurance policy may protect the building itself in which you live, it likely doesn’t cover anything inside your apartment that belongs to you. A renters insurance policy can help give you peace of mind that you — and your stuff — have protection from unexpected events, both at home and wherever your travels take you.

Source:https://www.travelers.com/tools-resources/insurance-101/how-is-renters-insurance-different-than-homeowners-insurance

Posted 2:00 AM

Tags: tenants insurance, renters insurance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012

  • home insurance(22)
  • homeowners insurance(9)
  • house insurance(8)
  • commercial insurance(5)
  • business insurance(4)
  • claims(3)
  • insurance(3)
  • home(2)
  • sued(2)
  • tenants insurance(2)
  • sailing(2)
  • officers(2)
  • boating(2)
  • sail insurance(2)
  • home inventory(2)
  • directors(2)
  • boat tips(2)
  • liability(2)
  • boat insurance(2)
  • manufacturing(1)
  • fire claim(1)
  • mayor bowman(1)
  • lawsuit(1)
  • terry duguid(1)
  • homebuyer(1)
  • entrpreneur(1)
  • new office(1)
  • winnipeg(1)
  • house insurance claim(1)
  • football(1)
  • #wccagm(1)
  • #mayorbrianbowman(1)
  • redblakcs(1)
  • quotation(1)
  • home buying(1)
  • water damage(1)
  • #business(1)
  • home insurance quotation(1)
  • value of what you own(1)
  • pizza(1)
  • insurance claims(1)
  • 103rdgrey cup(1)
  • first time home buyer(1)
  • cost(1)
  • house(1)
  • house insurance quotation(1)
  • renewal(1)
  • first-time homebuyer(1)
  • contents coverage(1)
  • home policy(1)

View Mobile Version
Get A Quote
Facebook
Twitter
LinkedIn
Pinterest
Carriers
Carriers
Carriers
Carriers
Carriers
Carriers
Carriers
Twitter Logo
Tweets by @NationWest

Resources

Home Our Story Get a Quote Customer Service Newsletter Contact Us Careers Blog Our Partners Success Stories

Contact Us

  • Kenaston Commons
  • 100-1610 Kenaston Blvd.
  • Winnipeg, MB R3P0Y4
  • _
  • 204-453-8888
  • Fax: 204-953-4633
  • Fort Richmond Plaza
  • 90-2866 Pembina Hwy.
  • Winnipeg, MB R3P2J1
  • _
  • 204.275.8888
  • Fax: 204.275.0648
© Copyright. All rights reserved.
Powered by Insurance Website Builder