Why Every Renter Needs Renter’s Insurance

When you’re a renter, there’s no need for you to have insurance on the home you live in. The owner of the building must have this insurance. However, other things need to be protected, and that’s where renter’s insurance comes in. Virtually all landlords will require you to have renter’s insurance when you sign your lease. If you rent and don’t have this insurance, call us at Ruddy Insurance Group in Niles, OH.

Protection for Belongings

You don’t own the home, but you do own everything inside it. When you have renter’s insurance, it protects you against losing your things. It’s essential to have this insurance in case a damaging event should happen that ruins your things. With this coverage, you know you’ll be able to replace everything later just in case the worst happens. Trying to pay to replace everything on your own could be so expensive as to be unaffordable. With this coverage, you have peace of mind that your belongings are protected. 

Liability Protection

Your renter’s insurance also protects you against liability. If someone came to your home and had an accident there and were injured, they would have a lot of medical bills that you would owe. There may even be more expenses like lost wages and legal bills. Without liability protection, all of that would be yours to pay. With renter’s insurance, the policy can pay all the bills you’re liable for. This is coverage that many people don’t think about very often, but it’s beneficial to have it in place just in case of an accident. 

Get Renter’s Insurance

To get a renter’s policy for your protection, call us today at Ruddy Insurance Group in Niles, OH to learn more.

Why All Renters Need Renters’ Insurance

When you are a renter, it’s essential to protect yourself with renters’ insurance. This type of insurance policy provides several different types of coverage within it to protect you from several possible risks. With this insurance in place, you will also have better peace of mind because you know you’re protected. Most landlords today require this insurance, so you’ll likely have to get a policy. If you need a renters’ policy in Niles, OH, call us today at Ruddy Insurance Group.

Liability Protection

One of the ways that renters’ insurance protects you is by covering your liability as the renter of the property. You have liability on the property because you rent it and are responsible for what goes on there. You are likely liable for an accident that happens to anyone who enters your property and experiences an accident there. When you have renters’ insurance, the policy will pay for the resulting bills from the accident. This can save you thousands on paying for lost wages and medical bills. 

Possessions Protection

Another type of coverage you get from these policies is protection for all your belongings inside your home. With this protection, a significant event that destroys your things doesn’t have to bankrupt you. Instead of spending thousands on replacing it, your policy will pay for the replacements. You are vulnerable to many damaging events if you don’t have this coverage. This coverage means you’ll have peace of mind because you are well-protected against these events. 

Get A Renters’ Insurance Policy

When you rent, you need to be protected. To get your renters’ policy in Niles, OH, you can call us at Ruddy Insurance Group.

How renters insurance protects renters

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. 

Who needs an Ohio renters insurance policy?

Those that are living in the Niles, OH area will have a lot of different housing options to consider. One type of housing option that is ideal for many people is to rent your own home. When you rent a property, you will have more flexibility and fewer maintenance obligations. However, it is still important that you get a quality insurance policy before moving into your new home. There are several situations when someone will need a renters insurance policy. 

When Trying to Comply with Lease

One situation when you will need to get a renters insurance policy is when you want to comply with the terms of your lease. Most landlords today want to ensure that their tenants are properly covered by insurance. In most situations, they will have direct insurance requirements and will expect that you provide evidence of insurance coverage before you start the term of your lease. 

When Looking for Coverage

Even if you are not required by a landlord to get this insurance, you should still get renter’s insurance coverage when you want to receive protection for yourself. A renters insurance policy will offer many forms of insurance coverage including protection that covers your personal items and offers liability protection. This can be extremely valuable coverage that makes it well worth the investment. 

As you are looking to move into a new home in Niles, OH, and need to get a renters insurance policy, it is important that you speak with the team at the Ruddy Insurance Group. When you call the Ruddy Insurance Group you are going to learn more about the benefits of this form of insurance coverage. This will help to ensure that you receive all of the benefits that come with this form of insurance. 

If Black Mold Is Found in an Apartment, Who Is Responsible?

In Niles, OH, the Ruddy Insurance Group works with its clients who have been exposed to black mold while living in their apartment. In most cases, black mold and its safe removal is the responsibility of the landlord. There are many instances in which renters are unaware that black mold has even started to grow in their apartment. 

Contact Your Landlord Immediately

If you find black mold anywhere in your apartment, it is up to you to notify your landlord immediately. Once they are aware of the situation, it is up to them to take the appropriate action to have the mold removed and also to prevent it from coming back. This process can take several days which means you may be required to get a hotel room while they work.

Loss of Use Insurance

Having Loss of Use insurance included in your policy will ensure that you have the money you need to get a hotel for a few nights while your apartment is unlivable. You may have to replace some of your belongings if the mold has worked its way into your living area. Your insurance agent will have to work with you to determine the extent of the damage. 

At Ruddy Insurance Group, the agents work with residents who live in or near Niles, OH to make sure their apartments or rental homes are safe to live in. This means controlling black mold and preventing it from doing irreparable damage in terms of their health and well-being. When you have questions about black mold or what your responsibility is to your landlord, call and schedule a meeting with your agent today!