AllRisk Auto Insurance, LLC Blog
Renters insurance is essential because it covers the cost of your possessions that are not covered by the landlord's insurance policy. Landlord insurance typically covers building damage but no damage to your possessions. Another reason for getting renters insurance is for protection against claims for liability by a person who got injured while visiting your home. Typically, renters insurance covers fire, vandalism, theft, injury, and some others. However, you should know which things your renter's insurance does not cover.
Renters insurance basically exclude pet bites. Moreover, the insurer usually does not ensure you against dog breeds that are considered high-risk and dangerous such as a pit bull. You need to get special insurance if you want to cover the liability of a dog owner. This seldom comes with your renter's insurance. Damage caused to the home of the owner’s pet is also not covered. Also, discuss with your insurer whether your renter's insurance covers dog bites to a visitor.
Your renter's insurance will naturally cover your property and belongings on the condition that these things have been stolen from your car. However, damage to the car caused by the thief is not covered. When it comes to car damage, you need to check out the details of your comprehensive automobile insurance policy.
Flood and Earthquake
Unlike fire and theft, incidental disasters like flood and earthquake are typically not covered by renters insurance. Just like homeowners, property owners need to purchase flood insurance separately. This should handle the damage caused by flooding. Another insurance should be for protection against earthquakes.
Electronics and Personal Collectibles
The coverage for your electronic equipment and other things basically depend on what type of coverage you buy as well as the cost of damage. You should have the replacement cost coverage for all your collectibles and belongings. The condition is that your electronic gadgets and appliances are destroyed by fire, vandalism or theft. However, if the cause is wear and tear, then they are not covered. Also, rare items like art, jewelry, and other expensive collectibles are typically not covered. This goes the same for accidental loss or your roommate's valuables.
Some Final Words
If you have expensive jewelry, art or electronics in your possession, you can still have them covered through a scheduled floater policy. In case something happens to your apartment, you can be assured that everything will be restored to normal with good insurance coverage.
At AllRisk Auto Insurance, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays and we're here to help you out. Learn more about our products and services by calling our agency at (360) 693-4044. You can also request for a free quote by CLICKING HERE.