May through September are the most popular months to move in the U.S., according to the National Association of Moving and Storage. Kids are out of school making transitions a little easier and market availability for rental property increases in the spring and summer months.
“Even if you do not own the property, a rental is still your home and it is important to safeguard your belongings and protect yourself from liability, said Ellsworth Buck, Vice President of GreatFlorida Insurance.
Rental insurance offers protection for your personal belongings that could be damaged by a fire, water issue or storm. It also includes reimbursement for items stolen from your home or lost and even the incidents that you may be responsible for causing, say by leaving on an iron or running faucet.
Rental insurance will pay out money to replace your furniture, clothes, kitchen appliances, electronics, laptop, paddle board, jewelry and more. You do not have to own a lot to justify a renter’s policy. It could be a specific item such as a bike, engagement ring, musical instrument or collection that is the motivation for coverage.
“There is a misconception that the landlord is accountable for personal liability issues, but a landlord’s insurance often covers just the structure, not personal property or personal liability,” says Buck.
If someone is a victim of an accident at your home or in your yard, say they slip on a rug and sprain an ankle you the renter, can be held responsible for their medical bills. Having the ability to offer payment for a friend or family’s accident can help soothe relationships.
A renter’s insurance policy can also provide money for temporary housing. If your rental property is damaged from fire or water, your policy can pay you money for a hotel while you wait for the repairs to be made.
Renter’s insurance offers a lot of benefits for a small amount, making it affordable for everyone. Average renter’s policies range from $15 to $30 a month, giving you peace of mind for the price of lunch.
Before purchasing renter’s coverage, inquire with your rental company or landlord to see what their policy will cover. Next, take inventory of your possessions and determine a level of protection you feel comfortable with. An experienced agent at GreatFlorida Insurance can guide you through the process to make sure you purchase enough coverage to protect your belongings without paying for overlapping and unnecessary coverage.
We offer affordable renter’s insurance and can put together the best possible renter’s insurance quote to meet your needs. For more information call us at 1-888-478-7801 or visit us online at www.greatflorida.com.