5 Things You Need Have Covered By Your Renter’s Insurance Policy

When it comes to protecting yourself and your possessions, you can never be too careful. Renters insurance is an excellent way to protect yourself financially when you are a tenant. There are a few basic things that you need to have covered by renters insurance policies.

Renters Insurance

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Personal Possessions

In the event of fire or other destructive circumstances, a landlord’s insurance will only cover the structural damage done to the building itself. Renter’s insurance should provide coverage for personal possessions. In order to know how much you should insure, take a personal inventory of your home and estimate what it would cost to replace what you own.

Liability Protection

This is another important aspect of renters insurance polices. Liability protection covers you in the event that damage is done to the property by you, your family and, in some cases, your pets. Your insurance will cover costs if you need to go to court. Most standard renters insurance policies will cover up to $100,000 for liability protection.

Other Living Expenses

If something were to happen to your home and destroy it, or make it unlivable, renters insurance will cover your additional living costs. This can include hotel accommodations, meals and other expenses incurred while you are waiting for your home to be rebuilt.

Additional Coverage

If you travel a lot, many renters insurance policies will cover a certain amount of your belongings you take with you. This means that if something is stolen from your car while you are away from home, it will still be covered.


You may be eligible for discounts on your renters insurance if you have good credit, home security and more.

If you would like to learn more about the proper way to insure yourself and your belongings, please contact us at Schumacher Insurance Group.


About Schumacher Insurance Agency

Why trust us? What do we do different than every other insurance agency? Consider this an invitation to get to know us. We believe we are an exceptional team of protection specialists that work hard to do things the right way, to educate our clients on insurance, and make the experience effortless. We are excited to introduce a new insurance experience for our customers. We encourage you to speak with our team who can show you how different we are… from text messaging services for late payments to educational insurance concepts on Facebook. We will prove our innovative approaches to obtain the proper coverage’s for you, your family, your business. Insurance is likely not the most interesting affair for everyone, but it is most certainly ours! Yes, we are insurance geeks!

Posted on May 1, 2015, in Agency, Uncategorized and tagged , , . Bookmark the permalink. Leave a comment.

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