Do you need Renters Insurance?
Why buy renters insurance?
Renter’s insurance covers damage to, and loss of, your possessions. Renter’s Insurance typically covers the occurrence of damage from things like fire, smoke, hail, lightning, wind, hail, explosions, riots, water damage from pipes, theft, and vandalism. Landlords generally have insurance to cover their building, but did you know that tenants possessions aren’t covered in case of fire, burglary or other causes? In fact, your items might not be covered even if damage is caused by the landlord or his employees. If your apartment is destroyed by fire, rental insurance may help provide funds for a place to stay temporarily. Renter’s insurance may also protect you from liability if someone is injured on your premises or through actions for which you are legally liable.
Tips for buyers of rental ins.
Compare rates and coverages from different providers, to find the best deal. The internet is a great way to do this.
Make a document, and/or photographic record listing all of your possesions. Keep in a separate location, such as a safety deposit box. This is useful when getting insurance as well as making sure you are fully reimbursed in event of a claim.
Where to find renters insurance?
Ask your friends to recommend an insurer they are happy with. Ask the firm that supplies your auto ins. if they also carry renters insurance. Check the internet for free quote comparison services.
source :www.fisc-ny.com/rental-ins.html