If you are planning to move to Muskogee, OK, or if you already live in the area and are considering renting a property, you may be wondering about renters’ insurance and whether it is required.
When You Need Renters’ Insurance
Oklahoma state law does not mandate renters purchase insurance. However, just because the state doesn’t require it doesn’t mean a renter won’t need it.
The rules and policies of the place you’re moving into, such as a rental property managed by a company, may require insurance coverage as part of the rental agreement.
The state requires rental property owners to provide property insurance, such as hazard insurance, to cover the building. An owner may also have liability coverage to cover specific liability issues.
Why You Need Renters’ Insurance
While owners are responsible for insuring the rental property in Oklahoma, they are not responsible for tenants’ personal belongings. For this reason, a renter should consider getting a liability coverage policy.
Renters’ insurance may cover personal belongings and property damage. This may include:
- Coverage is available if a guest is injured while on the rental property.
- Damages caused by the tenant’s negligence, resulting in a fire.
- Water damage from an overflowing bathtub or sink results in floor damage.
Renters’ liability insurance may include theft or fire coverage. A policy may cover clothing, electronics, appliances, and furniture.
Speak to one of our agents at D & E Insurance Agency about the lease agreement, any coverage requirements, and what a renter’s policy will cover to protect personal belongings.
Contact D & E Insurance Agency in Oklahoma
At D & E Insurance Agency, we provide residents of the Muskogee, OK area with top-quality care to provide the coverage they need. Call us; we’re here to help.
