What Does Renters Insurance Cover?

Moving into a new home in the Cincinnati, OH area can be a very exciting experience. If you are renting your home, it is easy to get caught up in the excitement of buying new furniture and personal belongings. However, you also need to carefully consider other important factors as well. One important factor to consider is your renter’s insurance policy, which is likely a requirement under the lease agreement.  There are several types of coverage that you will receive in a renters insurance policy.

Liability Protection

The most important types of coverage in your renter’s insurance policy is liability protection. Whenever you have somebody come over to your property, you are taking on a certain amount of liability for that person. If they happen to be injured while in your rental unit, you could be found liable. A liability insurance policy in your renter’s insurance will provide you with coverage for these situations.  

Personal Property

Another important part of any renters insurance policy is the personal property component of your policy.  When you have an apartment, you will likely have a lot of personal assets stored in the home at all times.  This can include electronics, furniture, clothing, and other expensive items.  If your home is damaged, vandalized, or robbed, you will be able to receive insurance coverage for your personal belongings up to the amount of your total coverage.  

If you rent an apartment or another home in the Cincinnati, OH area, you should contact the Advantage Insurance Network.  The Advantage Insurance Network will be able to explain all of the benefits of having a quality renters insurance policy in place.  They will also be able to provide you with insight into what your needs are and make sure you get the right policy for your situation.