If you live in a rented apartment or house, it is important to have renters insurance to protect you from losses if your property is stolen, damaged, or destroyed. The insurance that your apartment complex or landlord has only covers damage to the building itself, not tenants’ belongings inside it. If there is a fire, natural disaster, burst pipe, or robbery, you will not be covered unless you have your own renters insurance policy.
Renters insurance will cover damage to your personal property caused by fire, water damage, power surges, vandalism, theft, or any other event that is beyond your control. Most policies do not cover damage caused by floods, earthquakes, mudslides, or nuclear disasters. You will only be covered if you get a separate policy specifically covering these hazards. Renters insurance will protect you if someone steals your credit card or checkbook and makes fraudulent purchases.
Some policies limit the amount of coverage for specific categories, such as electronics and jewelry. If you have anything worth more than those limits, you can buy a personal articles policy for those items with higher coverage limits.
Renters insurance will also cover your living expenses if your home is damaged and unusable. It will cover a hotel, food, and any other related expenses you incur.
Liability coverage will pay for claims related to bodily injury and property damage caused by your negligence. For example, if your dog bites someone, your renters insurance will cover medical bills. If you leave a sink or stove on and there is water or fire damage, the policy will pay for repairs, medical bills, loss of property, and defense costs if you are sued. Renters insurance does not cover negligence related to expected or intended bodily injury, businesses, or vehicles. If someone is injured at your home, your renters insurance will cover medical bills, regardless of who is at fault.
If you rent a home, renters insurance is essential. Petruzelo Insurance can help you find the right coverage for your needs. Contact us today to get a quote.
For more information on home insurance in Connecticut, call: 1-866-479-3327
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We are committed to always "be there when you need us" to answer questions, modify coverage, or provide claim assistance. Call for a quote and you'll quickly experience the "Petruzelo Difference:" sincerely caring and personal service that really does make a difference.