Renter’s Insurance

What is Renter’s Insurance?

An insurance policy for renters is designed to protect all personal belongings inside a leased property. Possessions inside apartments, condos, and homes for rent are fully covered against damage, theft or loss. Living expenses can also be covered if leased space becomes uninhabitable for reasons that aren’t caused by the tenant. Additionally, insurance for renters also provides protection against liability lawsuits that are filed by visitors such as friends or professional servicemen doing some work inside a leased property. People who have roommates are encouraged to have Renter’s Insurance because of a higher risk of theft by visiting guests.

How it Works

Policyholders  are asked create an inventory of their possessions that are stored inside a leased residential unit. Photographs along with any receipts of original purchase are helpful in creating an official list that is used for reference when claims are ultimately filed. An official claim can be made in order to receive compensation for repair or replacement of items on the inventory list.

Types of Coverage

Personal property protection is the most common type of coverage for renter’s insurance. Reimbursed living expenses protection riders offer compensation for temporary accommodations if a leased apartment or home becomes unsafe for occupancy. Additionally, liability protection offers tenants legal immunity against personal injury lawsuits.

Why you need Renter’s Insurance?

Individuals who have renter’s insurance don’t have to worry about spending a lot of money on replacing expensive personal items. Additionally, freak accidents causing eviction of all tenants inside a building are insulated against.

Getting a quote from Amba Insurance will allow you to compare coverages and premiums from many different providers. We will work on your behalf to ensure optimum protection for you at the most competitive rates from leading insurance providers.