If you’re starting on the process of considering renter’s insurance, you’ve probably seen how cost effective it can be and how much of a benefit it is. You’ve also probably read that your landlord’s policy doesn’t cover your personal property. It’s the most basic fact, so we decided to gather other interesting facts about renter’s insurance that will be a benefit to you as you consider renter’s insurance.

Renter’s Insurance Covers More Than Stolen Property

People often think that renter’s insurance is all about stolen property. While that’s true, there are so many other things it covers.  Renter’s insurance provides coverage for damage by fires, water damage, hail and vandalism as well to name a few. Your belongings are safer than you think with the right renter’s insurance.

Your Coverage Can Extend Beyond Personal Property

If someone ever got injured at your apartment, there’s coverage for that as well. Some rental insurance policies can cover the injured person’s medical bills and your legal bills if it comes to that. It’s better to be safe than sorry in these situations. Often, if it happens in your apartment, you’re responsible for it, but your rental insurance can help protect you from these cases!

Natural Disasters Are Not Covered in Most Rental Insurance Policies

This is an unfortunate truth about rental insurance, but it’s something to consider when thinking about renter’s insurance. Living in places that are prone to forest fires, floods, tornados, or earthquakes are often not covered when these natural disasters occur.

Replacement Costs Policies Are Sometimes the Most Cost Effective

The longer we have the belongings we do, the more the price depreciates. Most rental insurance policies are based on the current costs of the possessions you have. For example, if you have an older TV, the rental insurance policy may only cover the price of what the TV is currently valued at as opposed to when you purchased it. Replacement costs policies will pay the amount it will cost to replace the property. This is an important consideration if you have to replace multiple items because of fire, water damage, or theft.

When it comes to rental insurance in Springfield, Ohio, finding someone who will walk you through the process and give you the information you need is a must. Link-Hellmuth Insurance has been in the industry since 1894. We have a history of getting people the best policy for their lifestyle, and we want to do the same for you. Call to request a quote today.