Similar to homeowners insurance, renters insurance covers many areas for people who live in rented spaces. This insurance is designed to provide liability coverage, as well as coverage for your personal belongings if they’re damaged or stolen. Our team at Affordable Insurance Inc takes pride in helping Mountain Home, AR renters get the protection and coverage they need through renters’ insurance.
What is Renters Insurance?
Renters insurance is designed to provide coverage for your personal belongings in your rented space. Typically, renters insurance will cover your personal belongings in a house or apartment that you’re renting. Your personal belongings are protected from damage, theft, and vandalism.
For example, if your personal items are stolen from your car, these items will be replaced even though they weren’t stolen from your rented space. The coverage extends to the personal items in your car as well.
However, renters insurance differs from homeowners insurance in that it will not cover your dwelling or the structure of your rented space. However, you will need to discuss the coverage terms of your rental insurance because some situations may not be covered by rental insurance.
Will renters insurance cover the repair or replacement of my cell phone if I accidentally drop it in the kitchen sink?
Perhaps. Accidents you cause that damage your personal items aren’t typically covered by renters insurance. However, there may be some situations where accidentally dropping your phone in water might be covered.
The coverage guidelines and eligibility requirements will determine what’s covered by your renters’ insurance policy.
Looking for Insurance in Mountain Home, AR?
If you have questions about renters insurance, call us at Affordable Insurance Inc. We’d be happy to answer all of your questions.