The Facts About Renters Insurance

Millions of people choose to rent for their housing needs. Renting gives people a simplified living arrangement, fewer responsibilities, and greater flexibility. If you are a renter in Pennsylvania, you should, however, consider renters' insurance. We want to help you make wise insurance choices at P.A. Insurance Brokers LLC.

Do I Need Renters' Insurance?

Your property will have property insurance, which your landlord or property manager pays. This type of coverage only protects their property, though. It provides no protection or reimbursement for your personal property if it should be damaged or lost while renting.

If your rental property is damaged and your personal belongings are damaged, it would be your responsibility to pay for the replacement or repair of your items out of pocket. This could prove to be a financial hardship for you and your family.

How Does Renters' Insurance Work?

If you have renters' insurance in place, the policy will pay for repairing or replacing items lost during a claim event. This type of assistance can make a real difference following a large-scale loss event such as a fire or a natural disaster.

Am I Required by Law to Have Renter's Insurance?

No, you are not required to have this type of coverage. However, having this type of coverage in place is highly recommended.

What Does Renters' Insurance Cover?

This policy will cover any personal belongings you want to include. This might include electronics, jewelry, clothing, furniture, collectibles, appliances, etc. If you aren't sure how much renter's insurance you need or what items to include on the policy, you should speak with an insurance professional.

If you would like to learn more about renters' insurance, don't hesitate to get in touch with us at P.A. Insurance Brokers LLC, serving Pennsylvania.