Most people who own a home carry homeowner insurance, for renters that is rarely the case. Most renters’ insurance claims are involving theft or accidental damage to property, not necessarily fire. The most common misconception is that renters are covered under the landlords policy in any event of loss but that is simply not the case. The landlord does not have an “insurance interest” in your belongings therefore their policy is only covering the structure itself. Your renter’s policy also covers liability as well as your personal property. This is coverage for someone who is hurt in your apartment or home and you are held liable. The insurance will cover medical expenses and can even cover lawsuits.
You don’t need to spend a lot of money to get a good renters policy. Depending on coverage amounts and liability limits, you could pay as low as $12 - $15 per month. Renters insurance is also something to consider if you have a child away at college. While most homeowner policies will cover up to 10% of personal property away from premise, some students who live off campus may have more items to cover. Even some landlords close to college campuses are also beginning to require their tenants to carry liability insurance which the renter’s policy will cover.
As a small locally owned insurance agency, we offer many advantages. We get to know our clients on a personal level so that we can individualize your insurance based on your own unique financial and coverage needs. As a brokerage agency licensed with numerous carriers, our agency can shop the best coverage for the lowest cost. Tom Hillermann has more than 25 years of experience in the industry and has served Washington, MO and the surrounding Franklin County area his entire career. The employees of Hillermann & Associates are fully licensed and experienced in the industry as well. Hillermann & Associates is based in Washington, MO and serves the Franklin County region including Union and New Haven.
We can find discounts on renters insurance you may not find on your own. Give us a call, or get a renters insurance quote online today.
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