Renters Insurance

by Remy Lacanaria


Posted on 2019-06-26 12:52:55


RENTERS INSURANCE

 

renters insurance.png

 

 

What is renters insurance? It is an insurance, to protect your belongings in case of fire, theft, or damage that every renter/s should have. It is also called the HO4.

Do renters really need the renters insurance? Read along, and you will know, why it is important to have a renters insurance.

Renters insurance not only covers the protection from fire, theft or damage, but it can also help you to cover damages that is caused by negligence. Renters insurance covers the following:

1. PERSONAL PROPERTY
Renters insurance policy offers protection for your belongings in case there is a power surges, fire, water damage, theft, vandalism, and other events that is out of control.

2. LOSS OF USE
Your policy also covers your living expenses in case you must leave your home after an accident. Say a tree crashes through your roof and the place needs repairs before you can live there again—loss of use will cover a hotel, food, and any other expenses you incur during that time.

3. LIABILITY
Your liability coverage pays for bodily injury and property damage caused by negligence, like if your dog gets loose and bites the neighbor's kid and he has to get stitches. If it is an expected o intended bodily injury, you will not be covered for negligence.

There are also other types of coverage, like, if your visitor suffers an injury in your home,your policy's medical payments to others will cover medical bills. If you want to know more about renters insurance, click here.


Other Recent Posts

  • 8 Ways Renters Can Save Money
  • More Income Streams from Your Properties
  • What Renters Need to Know When the Property is in Foreclosure
  • Ways to Increase the Cash Flow on a Rental Property
  • Documenting Wear and Tear vs Damage
  • Moving Out
  • Landlording, Then and Now
  • Considerations When Running a Virtual Property Management Business
  • Benefits of Air Conditioning
  • Big Guys vs. Little Guys vs. College in Property Management
  • 5 Ways to Show Appreciation to Your Tenants
  • Moving In
  • Reasons Why Landlords Screen Tenant Applicants
  • SUBLETTING FAQs
  • Will You Allow Smoking in Your Rental Property?
  • Your Roommate Is Moving Out
  • What are the Pros and Cons of Renting to Roommates?
  • Renters Insurance
  • What to do When Tenant Stop Paying Rent
  • Mistakes to Avoid
  • Tips for First Time Renters
  • Tenants Responsibilities for Repairs and Maintenance
  • Things to Remember When Renting to Elderly Tenants
  • Time to Return
  • Handling Utilities at your Apartment
  • Bed bugs problem: Who's responsible for it?
  • Different Eviction Notices for first time Landlord and Property Manager
  • How to Invest in Commercial Property
  • Types of Rental Agreements
  • Security Alarm on Rental Property
  • Tips in Making Every Rental Turnover a Smooth One
  • Types of Landlords
  • Investing in Real Estate
  • Landlords Life Hacks
  • The Advantage of Cloud-based Property Management Software
  • Buying Second Home / Vacation home
  • How to Find Former Tenant
  • Rental vs Lease Agreement?
  • Security deposit; is it necessary?
  • A visitor, a guest, or a tenant?
  • FAQ's on Rent Collection Concerns
  • Everything online, and heres why
  • Advice from Other Landlords
  • Smart Housing's Online Leases
  • Characteristics of a long-term renter
  • Keep warm in the winter - Inexpensive Ideas
  • Smart Housing's Online Screening
  • How to Do a Basic Video Tour
  • A Tool of Advertising
  • Smart Housing's Online Applications