It is equally important that renters maintain insurance. Renters insurance is not required by anyone. In fact it is one of the most underutilized types of insurance, despite its very valuable coverage.
Most renters assume they are covered under their landlord’s insurance policy. Not true! Personal property belonging to a tenant is not covered under these policies.
Renters insurance protects your personal property from theft or damage; replacing furniture, clothes, electronics and household appliances alone would cost you thousands of dollars.
Besides insuring your personal property, renters insurance also provides liability protection. That coverage extends to injuries and other damages visitors sustain while on your property, as well as damages you may inadvertently cause to the building.
DID YOU KNOW...
• If you own a lot of high-value property such as jewelry, artwork or electronics, you will need to get additional coverage for those items to be fully protected.
• Owners of certain breeds of dogs, such as pit bulls, may need to buy added liability coverage to cover any damages caused by the animal.
Contact PEPP today!
