Aria Properties   5042 Thoroughbred Ln  Brentwood,TN37027   (615) 953-9700
Aria Properties
5042 Thoroughbred Ln
BrentwoodTN 37027
 (615) 953-9700
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What is Renters Insurance?

What is Renters Insurance?

Congratulations — you just got your first apartment! Moving into a new place can be exciting, but there are some important details you need to take care of before you move in, like your renter's insurance. Here's what you need to know.

What is Renters Insurance?

Renters insurance helps cover your personal property inside any place you rent or lease. When things happen such as theft or fire, the landlord does not cover anything but what they own. In certain cases, if you can prove negligence, you are eligible for reimbursement. Although you are renting, a renters insurance policy is something to consider, as it covers more than you may think.

Why Do You Need a Renters Insurance Policy?

Consider renters insurance as your homeowners insurance policy —  you will be covered for everything you own. Most people do not realize how beneficial this could be. Depending on where you live, your landlord may require it, but in many states, it is not a requirement. A major advantage of this type of policy is that the premiums are very low, but you get so much protection from it. If you’re wondering if it’s worth it, consider this — if your items were stolen or lost in a fire, would you have the funds to replace everything?

Consider renters insurance as your homeowners insurance policy —  you will be covered for everything you own. Most people do not realize how beneficial this could be. Depending on where you live, your landlord may require it, but in many states, it is not a requirement.

What Does Renters Insurance Cover?

Renters insurance covers lost or stolen items but also provides living expenses in the event your place is uninhabitable. This includes hotel bills, meals at restaurants, and other items you need that are beyond your daily living. Renters insurance also gives you liability protection. If someone falls or is bitten by your dog, you are protected under that insurance policy. It gives you no-fault medical coverage that you may never have thought you would need.

Finally, your renters insurance policy covers your possessions both inside and outside of your place. If you’re at school or an event and your computer gets stolen, you are eligible for reimbursement. Renters insurance protects your items at home, and away.

Shopping for Renters Insurance

Shopping for a good renters insurance policy should be a priority. By taking pictures and evaluating what you have, you may be very surprised to learn how much money you would lose by not protecting your items. Additional coverage is also available if you have certain items that are very expensive, such as a lot of computer or audio equipment, or jewelry.

When moving into your place, it is best to discuss with the property management company or your landlord to find out whether or not they have a renters insurance policy requirement, and what they cover as a landlord should anything unexpected occur. You should also look for a renters insurance policy that provides flood protection if you reside in an area where flood insurance is required by homeowners.

The benefits of a renters insurance policy can provide peace of mind and protection from things that could leave you devastated. Knowing you can replace your things is well worth it. For more information, contact the team at Aria Properties today!