Renters insurance is a misunderstood type of insurance. Only about 40% of renters carry this coverage and, given the inexpensive price and the coverage offered, 100% of people should have it. At Ruddy Insurance Group in Niles, OH, our team is dedicated to providing the finest in customer service and the best choices for our clients. We are happy to share the information that you may need to make this important decision.
You may be under the impression that your landlord has insurance and that it offers you protection. That is not correct. The landlord’s insurance will only protect their building, not your personal property. It is up to you to make sure that you protect yourself.
Renters insurance has several different types of coverage. Content coverage protects all of the contents of your rental including your personal things as well as furniture and appliances. It even protects your possessions if they are in your vehicle or traveling with you. You have two choices of coverage, one gives you the value of your possessions today and the other gives you what you would need to replace them at today’s prices.
Renters insurance also includes liability insurance. You may think that, as a renter, no one would sue you. That may be wrong. If someone is injured while at your home or by a member of your family, you could find yourself involved in legal action to recover medical bills as well as pain and suffering.
If your rental is damaged and you can’t stay there, where would you go? With some rental insurance policies, you have "loss of use" coverage that will pay for a hotel or temporary rental for you and your family. It can also help with meals since you can’t cook in a hotel.
Contact Ruddy Insurance Group in Niles, OH when you are ready to discuss renters insurance.