Renter’s Insurance

An insurance policy protects a tenant’s property within a rented apartment or home.

The policy offers liability coverage in cases of negligence. Suppose you leave the tap in your kitchen running, and it overflows into a neighbor’s apartment. In that case, you could be liable for that damage and required to foot the repair or medical bills related to the accident. Renter’s insurance provides coverage for such costs. Additionally, most renters’ insurance policies offer protection for a tenant’s property in case of accidents such as fire, power surges, burglary, water damage, theft, or other unforeseen events. It is crucial to understand that a renter’s insurance covers only certain property types. Still, it is possible to have add-ons on your policy to protect essential items that may be expensive to replace.

The policy also offers coverage if you have to leave your apartment or home after an accident. If, for instance, you get robbed and have to use a hotel when the safety of your apartment is being determined or restored, the renter’s insurance policy will cover the expenses incurred during this period.

It is safer and advisable to go with established and reputable companies over start-up insurance companies. Established companies such as Michalak Insurance Agency have the experience of handling many cases of renters’ insurance due to years spent in the industry. They are likely to have the most affordable rental insurance rate – which is where we come in.

Contact us today to get more information on our service offerings. We are here to help you.