Renter’s Insurance

Renters insurance is very important to have if you rent any type of property. It is essential if you are renting an apartment unit in a complex, a residential property, or if you are renting space in a commercial building for your business. The purpose of this insurance is to ensure that you are protected in the event of an emergency beyond your control. It ensures that you will be compensated for loss or damage to property or if someone is injured in your home or office.

Renters insurance is important for the tenant who rents an apartment unit or residential property and for the business owner who rents a commercial space. If you are the owner of an apartment complex, rental property, or commercial property you will need landlord insurance to protect your property.

Renters insurance provides coverage to you in the event of an incident of property loss or theft,  or if a person visiting the property you rent somehow suffers an injury, such as a slip and fall. It can also cover incidents such as fire or a natural disaster like a flood.

There are various types of coverage that renters insurance from Allstate will provide to you. Personal property coverage insures your personal items that can be stolen from your home or damaged after a disaster occurs. For instance, if you have valuable jewelry stashed away in your bedroom and it is stolen during a burglary while you are out, this is covered by personal property insurance coverage. Likewise, if you experience a flood or fire and a major appliance becomes damaged beyond repair as a result, that will also be covered. Additionally, there is liability coverage available with Farmers renters insurance. This is there to protect you in the event that someone gets injured in your home or at your place of business and then sues you. Liability can also protect you if someone else’s property is damaged, such as if your child accidentally breaks a neighbor’s window while playing ball outside. Additional living expenses, which can also be covered by renters insurance, are exactly as they seem. These are expenses that are needed when there is significant damage to your home and you are required to seek shelter elsewhere like at a hotel until it is repaired.

The major benefit of Farmers renters insurance includes being protected financially so that you do not have to pay out of your own pocket to cover damages or injury to another person and that you can more easily recover damages for your personal belongings. Get a free renters insurance quote from your local Farmers agent!