You rent? Be sure to cover all your stuff.

Put our experience and expertise to work for you.

Renters Insurance for What-If Moments

Many people believe because they rent an apartment, townhouse, or house they don’t have to worry about insurance, while others may simply not get around to it. In fact, stats show that 25% of individuals who rent don’t have Renter’s insurance, and this number goes up for Millennials. About six in 10 don’t carry coverage.

Think about it, though. What happens if a fire destroys your furnishings, equipment, and clothes? You wouldn’t have coverage to replace these items. Sure, the property owner/landlord’s insurance would cover the cost of the building damage, but it won’t step in to cover anything you own inside your home.

Also, what if someone comes to visit you and is injured inside your apartment. Again, since the injury occurred inside your home, the landlord’s insurance won’t cover any medical bills or liability claims.

Renters insurance is important to have for these very reasons. And it’s quite affordable for the amount of coverage you get.

How Renters Insurance Works

Like Homeowners insurance, renters insurance includes three key types of financial protection:

  • Coverage for personal possessions: How much you purchase depends on what you need to replace your stuff in the event of a burglary, fire, or other covered disaster.
  • Liability protection: Covers you against lawsuits for bodily injury or property damage done by you, your family members, and even your pets. This coverage pays for the cost of defending you in court and settlements up to the limit of your policy.
  • Additional living expenses (ALE): Pays for hotel bills, temporary rentals, restaurant meals, and other expenses you incur while your rental is being repaired or rebuilt. Basically, it covers the expenses you would not have to incur if you had your usual roof over your head.

Renters insurance doesn’t cover flood damage. We can obtain Flood insurance for you through the National Insurance Program (NFIP) and several private insurance companies.

We’re Ready to Serve Your Insurance Protection Needs 

We invite you to learn more about the Regan Agency and to give us an opportunity to show you how we can take care of your business and personal insurance needs. Just give one of our professionals a call at 631-669-3434.