Renters Insurance Information
Renters Insurance in Ballwin, Chesterfield, & Manchester, MO
Coverage for Renters Throughout Missouri
While renting a property may come with slightly less responsibility than owning a home, there are still measures you should take to protect your belongings and livelihood. An accident in your apartment or damages to your personal belongings can cause heavy financial strain on your pocket.
At Associated Insurance Brokers, our insurance professionals are dedicated to helping you protect your belongings and your family with a reliable renters insurance policy. We will help gear a policy specifically for your insurance needs.
What Does Renters Insurance Cover?
A typical renters insurance policy covers three areas: liability, personal belongings and additional living expenses.
General liability under renters insurance covers bodily injury and property damage someone else may suffer on your rented property. For example, say you have a friend visit and they trip and fall in your bathroom. Renters liability insurance can help pay for their medical bills, along when compensating you for legal expenses in case of a lawsuit. This insurance can also extend to accidents off of the property, including injuries and damages caused by your children or pets.
Personal belongings coverage provides compensation if your personal items are lost or damaged due to fire, wind, hail, lightning, smoke, theft, vandalism and more. This insurance does not cover damage to the actual unit or rented property. Instead, it is designed only to cover your belongings, such as furniture, clothes, bags, etc. There are additional policy floaters available to cover expensive items such as jewelry, furs, art and electronics.
Additional Living Expenses
Additional living expenses help with the cost of temporarily moving if the rented space is rendered uninhabitable by a disaster. For example, say your apartment is hit heavily by a tornado and you can no longer live inside until repairs are complete. Additional living expense coverage can play for temporary shelter, such as hotel payments, food and other resources.
Which Renters Insurance is Best?
Insurance needs vary from renter to renter. You should consider your liability risks and the value of the personal belongings you wish to insure. If you have expensive items such as jewelry, furs, art and electronics, you may want higher limits of renters insurance.
Be sure to speak with an insurance agent about your insurance needs to make sure you get the best coverage.
Get Insured Today
Protect your hard work with the policy it deserves. Call Associated Insurance Brokers at (636) 391-3500 or fill out an online quote form to get started today.
Common Renters Insurance Questions
How Much Does Renters Insurance Cost?
The cost of renters insurance varies depending on your location, coverage limits, deductibles and other factors. Fill out an to find out how much you can save on renters insurance.
When Do I Need Renters Insurance?
You should generally purchase insurance by the time you’re ready to move in. In fact, many landlords will require you to purchase insurance by your move-in date.
How Does Renters Insurance Work?
Renters insurance works similar to a home insurance policy. When you purchase a policy, you will pay monthly premiums in return for coverage. As long as the policy is active, you can file a claim to receive compensation for covered damages and losses.
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