Insurance for those who rent is not typically required by law; however, renters insurance provides a simple and affordable solution to help renters protect themselves from property and financial losses or injury to others. The D & E Insurance Agency, which serves the greater Muskogee, OK region, offers this advice about renters insurance benefits.
Renters Insurance Provides Liability Coverage.
This policy, which a tenant can buy and even choose to tailor to their needs, will cover someone’s medical and/or legal expenses should someone become injured in the rental unit.
Renters Insurance Protects the Insured’s Personal Property.
A renters’ policy offers insurance coverage for personal belongings (which may include items like furniture, clothing, electronics, and more) should a covered event (e.g., theft, vandalism, etc.) cause the items mentioned above to be damaged/stolen. Specific policies for renters may cover personal belongings damaged/stolen when not within the rental property—for example, a laptop stolen from your parked car.
Renters Insurance Covers Additional Living Expenses Should You be Displaced.
If the rental unit becomes unlivable (due to a defined, covered loss), this policy reimburses for temporary living expenses until you can return.
Note that some landlords may require renters insurance as a lease provision. However, given the security and the peace of mind provided by having a renter’s policy protecting you against unforeseen events, an insurance policy for renters can only be considered a wise financial choice.
For more information about renters’ insurance and its potential value for you, your family, and your personal belongings in and around the Muskogee, OK area, contact the insurance professionals of D & E Insurance Agency at 918-682-3632 or online.
