What is Renters Insurance?

If you are currently renting a lake home, condo, apartment, or other type of home.  It is very important to make sure that you have Renter's Insurance Coverage.  Renter's Insurance, or what is commonly called a "Tenants" insurance policy, covers the insured's personal property for a wide array of perils.  Renter's Insurance is somewhat like a homeowners policy except that it does NOT provide coverage for the actual dwelling or structure itself.  What Renter's insurance does provide is liability protection and property protection to the insured against such perils as fire, theft, and vandalism.  It also provides expenses to the insured when the property becomes uninhabitable due to a specific loss.

Why do I need Renters Insurance? 

Well, there are many reasons for getting renters insurance.   Here are just a few.

1.  Peace of Mind - Having Renters Insurance gives the insured peace of mind that their belongings will be covered in the event of a loss.  Thefts occur every day in this country, and without warning, and by having a renters policy, your belongings would be replaced.  You might have a lightning strike that wipes out all your new computer equipment, or a refrigerator water line leak that ruins all your furniture.  Whatever the peril, having Renters Insurance gives you that peace of mind knowing that you are protected and that your property can be replaced.

2.  Liability Protection -  If you have someone over to your property and they end up hurting themselves while there, you may be held liable for the medical bills of that person that claimed to be hurt.  Renter's Insurance helps cover you with liability protection in the event of this occurrence.

2. Additional Discounts - Many times providers offer a "Multi-Policy" discount associated with having either a homeowners policy or renters insurance.  This saves the consumer money, and gives them the added protection they need.

As with any insurance coverage, it is always good to sit down and discuss your options.  We at IDEAL INSURANCE will do just that!  We will spend the time needed for you to make sensible decisions on your coverage and provide you with the best options!