Renters insurance is like homeowners insurance, except it’s specifically designed for people who rent their home. It doesn’t cover the building, because renters don’t own the building they live in. However, it does provide tenants with a host of important protections.
Renters Insurance Protections
Like homeowners insurance, renters insurance policies are comprised of several different coverages. Specific coverages vary from policy to policy, and you should carefully review those included in any policy you’re considering purchasing. Some common coverages that are often found in policies include:
- personal property coverage, which protects your belongings
- medical payments coverage, which may pay a guest’s medical bills if they’re injured in your apartment
- additional living expenses coverage, which may pay for lodging if you can’t stay in your apartment due to a covered incident
Without renters insurance, most tenants don’t have a way to protect them from fire, theft or an accident they’re held responsible for. That’s why everyone who rents their home should have renters insurance.
Renters Insurance Agents
If you don’t have renters insurance and rent an apartment in Chadds Ford, PA, let us at Brandywine Insurance Group help you find a policy. We have independent insurance agents who are licensed in Pennsylvania. As independent agents, they can compare policies from any insurance company in Pennsylvania. They’ll explain the different protections included in and show you the premiums for each one.
Finding a renters insurance policy only takes a few moments, because our agents are able to compare many policies quickly. To discuss renters insruance with one of our agents, give our office a call or contact us through our website.