While owning a home in Sandpoint, ID is a dream come true to many, for others renting an apartment, home, or condo is the perfect way to experience the tastes of different neighborhoods. After all, we all can’t be homeowners. But when it comes to tenancy, you need to ensure that you and your possessions are well-protected. And that’s how renters insurance comes into play. If you are wondering how renters insurance protects you, keep reading as The Insurance Shop USA shares insights.
Personal property coverage
Your rented property looks better from the outside, but your assets make it even more stunning from the inside. And because you have put money to purchase your furniture, electronics, fixtures, and other assets, renters insurance helps protect what you value most. Renters insurance covers your belongings against perils such as:
- Smoke damage
- Falling objects
- Riots and many more
There is a popular misconception that landlord’s insurance covers your assets. This preconceived notion is incorrect. The landlord’s insurance covers their building but not your property. To avoid a bad experience when your assets are lost or damaged, purchase renters insurance for well-rounded protection.
Suppose your overzealous dog bites someone and sends them to an ER? Or perhaps, you reverse into your neighbor’s wall, damaging it? In both cases, renters insurance can save the day. Renters insurance provides personal liability coverage against property damage and bodily injury that you cause to other people. Additionally, renters insurance can cover some legal costs in case you are sued.
Loss of use coverage
If your dwelling becomes unlivable due to a covered loss, renters insurance can cover the additional living expenses. This coverage pays for costs like hotel laundry, meals, and accommodation exceeding your day-to-day expenses.
Need renters insurance coverage in Sandpoint, ID? Please contact The Insurance Shop USA for a competitive quote.