Do you have Renters Insurance?

January 15, 2014 at 9:39 AM | Posted in Home, Insurance Policy, Personal Property, Renters | Leave a comment
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In our last blog post, we suggested ways to prevent frozen pipes and what to do if a pipe freezes.  If you own your home, most likely you have homeowners insurance to cover any damage due to a burst pipe, but what if you rent? Your landlord’s insurance policy will NOT cover your personal belongings.

The following are some coverages that are included in a renters policy that are not covered by your landlord’s insurance:

  • Coverage for your personal belongings, including emergency expense money to replace clothing, keys, and documentation such as licenses immediately after a covered loss.
  • Liability coverage for defense costs for any bodily injury suits brought against you or a household member.
  • Medical payments coverage for medical costs for any injury occurring on your rented premises.
  • Loss of use coverage in case you can’t live in the space you rent due to a large loss such as major water damage, fire etc.

Typically, as temperatures drop even lower in the months of January and February, we see a lot of weather related losses. Frozen pipes and ice dams are the most frequent and can cause thousands of dollars in damage. If you don’t have a renters policy in place, now would be the time to get one.  They cost so little and cover so much.

For more information contact Protector Group at 1-888-850-9400.

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