As a renter, you may think that your landlord’s insurance policy will cover your personal belongings in the event of damage or theft. Unfortunately, this is not the case. Renters’ insurance may help protect your personal belongings and provide liability coverage.  

Contact Stastny Insurance Agency in Baltimore, Maryland, to learn more about your renters insurance options and get a personalized quote.  

What Renters Insurance Covers  

Renters’ insurance may help cover your personal belongings, such as furniture, electronics and clothing, in case of damage or loss due to a covered event, such as fire, theft, or water damage. It may also cover additional living expenses if you must move out of your rental home due to a covered event.  

Renters’ insurance may also help provide liability coverage, which protects you in case someone is injured on your rental property, and you are liable for their medical expenses or other damages. 

How Renters Insurance Works  

You pay a monthly or annual premium to the insurance company, and in exchange, your insurer agrees to cover the costs of any covered losses up to the policy limits. It is important to note that renters insurance typically does not cover damage caused by floods or earthquakes, so you may need to purchase additional coverage for these events. 

How Much Renters Insurance Do I Need?  

The amount of renters insurance you need depends on the value of your personal belongings. You can create a home inventory to estimate the value of your possessions and then purchase a policy that provides enough coverage to replace them in the event of damage or loss. It is also essential to consider your liability risks when determining how much coverage you need. A higher liability limit can help provide additional protection in case of a lawsuit. 

How Renters Insurance Claims Work 

If you experience a covered property loss, such as a burglary or fire, contact your insurance company as soon as possible to file a claim. Your insurer may ask you to provide documentation, such as a police report or photos of the damage, to support your claim. Once your claim is approved, the insurance company will either pay for the repairs or replacement of your damaged belongings or reimburse you for the cost per the policy’s terms.  

If you need to file a liability claim, the process varies. Talk to Stastny Insurance Agency today to learn more about liability claims against a renters insurance policy.  

Contact Us 

Renters insurance may provide valuable coverage to help protect your personal belongings as well as liability coverage. Contact Stastny Insurance Agency today to get renters insurance coverage.