Renters insurance is a collection of coverages—personal property, liability, and loss of use—that provides reimbursement to tenants for damages, theft, disasters, and injuries. The total funds given after a claim depends on the coverage limits selected.
Simply put, renters insurance covers the cost (up to a specified coverage limit) to repair or replace your personal belongings. Some examples include:
Your belongings are covered whether they are in your home or not. If someone breaks into your car and steals your laptop, then you’re covered. If someone steals or damages your bicycle while you’re in the corner store, then you’re covered.
Renters insurance is not bound by the walls of your apartment; on the contrary, your policy follows you to the mall, the post office, the movie theatre, the gas station—everywhere! If, for example, you knock over and break an item on display in a store, then your renters insurance will back you up. Why? Because you would be liable for the damages, and liability is an important component of any renters insurance policy.
Renters insurance can provide reimbursement for medical bills if someone gets hurt on your property. For example, if your friend’s child gets injured while under your supervision, then your renters insurance can help.
Renters insurance can help cover or off-set the cost of a hotel if you cannot stay in your apartment. Some common perils that can deem a home inhabitable include:
If you plan on buying a home or condo or are planning to rent an apartment in Connecticut, speak with an agent at Petruzelo Insurance today to get all the facts and information you need to make sound decisions. With over 50 years experience helping residents in Connecticut protect the things that matter most, Petruzelo Insurance is ready to listen and offer policies that fit your budget and provide peace of mind.