Reduce your risks as a renter with the right coverage
As a renter, it’s nice to enjoy the perks of never having to cut your lawn, take care of the landscaping or paying property taxes. But it’s important to know exactly what your building owners insurance covers and what it doesn’t.
Most people don’t realize that if there were to be a fire or if someone were to break in and steal or destroy your possessions, building owners insurance will not cover your assets. The building owners’ insurance usually just covers the actual structure of the building itself, which could really put you at a financial loss if you were not to have renters insurance.
Do I Have to Have Renter’s Insurance?
Some landlords or building owners will require you to purchase renters insurance to live there. Make sure to check the terms of your lease to verify this. But, some don’t. It’s important to weigh out the price of all your belongings that you could lose if something were to happen vs. the cost of the coverage itself. Most likely you will realize that the cost to replace all your belongings will be increasingly more expensive than renters insurance plans.
What Else is Covered?
Most renters insurance policies will cover all of your personal belongings. Your renter’s coverage generally includes:
Additional living expenses
Family liability protection
Guest medical protection
Liability protection for people on your property
Personal property protection
Lawsuits if you are held responsible for either injury to another person or damage to another person’s property
We are committed to providing a personal, high-quality service
At Power3, we understand that most insurance products are generally similar in price and function. But some companies don’t thoroughly explain their policies which can become a bigger issue in the future. We built our company around trying to avoid just that– we promise honesty so that there are no surprises. Power3 will give you all the information and assistance you need when it comes to your personalized insurance plans and all-around safety
Companies we partner with
We have your best interest at heart. With that, we only partner with trusted insurance companies we see as both affordable and of the highest quality.
Get a quote
Fill out the online form below or call 630.397.0378 to get started on your free quote.