Residential Insurance Home-Renters

Residential Insurance: Homeowners and Renters 12 Renters Insurance News reports of apartment fires often include tragic stories of renters who have lost everything because they weren’t insured. Your landlord does not provide insurance for your personal property. Having all your personal possessions destroyed in a fire or other insurable event, without coverage, is a tragedy that does not have to happen. To protect your belongings, you should consider purchasing renter’s insurance, also known as “tenant’s insurance.” The renter’s policy may be used to provide coverage for your personal contents located in the property that you occupy. Coverage is also provided for loss of use, personal liability protection and medical payments to others. Coverage generally provided under a Renters policy Coverage C (Personal Property) An amount, designated by the insured , subject to a minimum as determined by your insurance company Coverage D (Loss of Use) 20% of Coverage C Coverage E (Personal Liability) Generally subject to a minimum of $100,000 Coverage F (Medical Payments Generally subject to a minimum to Others) of $1,000

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