If you rent your home, there are a number of precautions that you need to take to protect yourself. One way that you can protect yourself is to have a renter’s insurance policy. These policies protect you in a number of ways against serious expenses that could be unaffordable. All renters need to have this policy in place just in case of damaging incidents that can cost them a bundle. If you’re a renter and need coverage, call us at D & E Insurance Agency in Muskogee, OK.

It’s Generally Required

One reason that you need to have renter’s insurance is that it’s usually required by landlords. You don’t have to have the dwelling insured, as that’s up to the landlord. However, you do need the other types of protection that these policies provide. If you don’t have a policy in place, the owner of the home may be sued if something happens there that damages property or injures someone. Your renter’s insurance has different types of coverage within it, and one of these is liability coverage. The policy can pay for the medical bills and other costs that someone has if they are injured in your home. 

It Protects Your Property

The items that you own inside your rented home are also in need of protection, and renter’s insurance includes this type of coverage. You have a lot invested in the things that you own, and they could be in danger or being destroyed in an accident, disaster, etc. When this happens, your policy can pay for you to replace the things you own so that you can quickly get back to your normal life. 

Get Renter’s Insurance Today

Even if it isn’t required for you, you need renter’s insurance. Call us at D & E Insurance Agency in Muskogee, OK. 

A renters policy refers to a group of insurance coverages developed to help those who rent rather than own a condo or home. According to the insurance specialists at D & E Insurance Agency in Muskogee, OK, a standard renters insurance policy consists of three coverage types.

Three Major Parts Of Renters Insurance

Personal Property

This part of a renters policy provides coverage (up to policy limits) for your personal belongings should the insured individual face a fire, theft, vandalism, or water damage in the property. The policy reimburses the cost of replacing/repairing damaged or stolen personal items.

Liability         

Liability coverage protects the insured if found to be legally responsible for the cause of bodily injury or property damage to others. For instance, if a visitor is injured in your rented home – caused by the insured/renter’s negligence, this part of the policy may cover expenses should the injured party sue for damages. It also extends to damage or injuries the insured may cause to someone else’s property.

Additional Living Expenses (ALE) After A Covered Loss 

Should the home your rent become uninhabitable, caused by a defined covered event like a fire or severe storm, the part of the coverage will help with the expenses of temporary living arrangements – meals, hotel bills, or even another rental home.

Note that optional coverage/riders/endorsements may be added. These may include identity theft protection or specific coverage for high-value items, among others.

Contact Us Today

For information about how you can customize a renter’s policy to fit your specific requirements for protection, contact the licensed insurance professionals at D & E Insurance Agency. We look forward to serving your rental insurance needs in and around the greater Muskogee, OK area.

Do you rent a house or apartment in Muskogee, OK? Do you want to protect your possessions and finances from unexpected accidents? If so, you should strongly consider acquiring renters insurance from a provider like D & E Insurance Agency. Renters insurance can be a little complex, so we’re going to offer 5 tips to help you find the best plan for you:

Tips For Renters Insurance

Evaluate Your Coverage Needs

Start by evaluating your coverage needs. Consider the value of your personal belongings and choose coverage options that can help replace those items in case of theft, damage, or loss. Also, consider acquiring liability coverage that can protect you if someone is injured on your rental property.

Research Different Providers

Research different providers and compare their coverage options, premiums, and customer reviews. Not all providers who serve locations in Oklahoma are the same. So, do your due diligence before picking a provider or a policy. 

Choose the Right Coverage Level

Choose the right level of coverage based on your needs and budget. Many renters insurance policies offer different coverage levels, so think about the value of your personal belongings and choose a coverage level that will adequately protect you.

Understand Policy Terms and Conditions

Make sure you understand the terms and conditions of your policy, including any deductibles or exclusions. Also, ensure that you understand how to file a claim and what is required in case of a loss.

Bundle Your Insurance Policies

Consider bundling your renters insurance with other insurance policies, such as auto or life insurance. This can often result in a discount on your overall insurance premiums.

By following these tips, you can find the right renters insurance policy to protect your personal belongings and provide you with peace of mind while renting.

Are you looking for renters insurance in Muskogee, OK?

If so, be sure to reach out to us at D & E Insurance Agency today for more information!