Renters Insurance in Pennsylvania
You don’t have to own a home to obtain the valuable protection that insurance has to offer. If you’re a renter, you can protect your valuables and your financial assets against liability claims by purchasing renters’ insurance. Here’s how a renter’s policy from Options Insurance Group in Fort Washington, PA can work on your behalf to protect your financial assets.
What Does Renters Insurance Cover?
As a renter, you have much to gain by purchasing a renter’s insurance policy. Whether you’re renting a home, apartment, or condo in Pennsylvania, renters’ insurance can help protect your assets and property.
Property Coverage - Renters property coverage protects your belongings against such common perils as fire, smoke, severe storms, lightning strikes, water damage due to leaky plumbing and other disasters. It only takes one disaster to destroy all your valuables. With the help of renters’ property coverage, you can recuperate your losses and recover from an accident.
It’s important to note, however, that renter’s insurance doesn’t cover flood damage. To protect your goods against flooding, you’ll have to purchase a separate flood policy.
Liability Coverage – If someone gets injured in an accident while visiting your rental property, you could be held liable for their medical costs. Taking into consideration the high cost of medical care, a liability claim could cost you thousands of dollars. If a liability claim leads to a lawsuit, it could further threaten your financial assets. Liability insurance protects you against liability claims and lawsuits, safeguarding your current and future assets.
Additional Living Expenses Coverage – A major disaster can cause extensive damage to a home, making it unlivable until repairs are made. If you have to leave your rental property temporarily due to a disaster, this coverage helps pay your hotel bills, groceries, meals out, fuel costs, and other expenses elsewhere until you can return home.
For more information about renters’ policies, coverage and costs, contact Options Insurance Group in Fort Washington, PA.
