If you rent a home or apartment in Williamsburg, VA, the responsibility of protecting your personal goods falls on you. Your landlord’s insurance will cover damage to his building in the event of a disaster. If you want insurance protection for your belongings, you’ll need to pay for that on your own. A renter’s insurance policy from Commonwealth Insurance Center can provide you with the coverage you need. Understanding the basics of renter’s insurance will make it easier to choose a policy suited to your needs.
What Renter’s Insurance Covers
A standard policy will reimburse you for damages or loss caused by such common perils as fire, smoke damage, lightning, hail, windstorms, and other natural disasters. You’ll also receive coverage against vandalism, theft, and water damage caused by plumbing issues. The extent of coverage depends on your policy. If you own designer clothes or pricey furniture or electronics, you will do well to obtain sufficient coverage to replace these goods in the event of a disaster.
If people visit you often, you face a higher risk of someone getting injured on your property due to an accident. A friend could burn himself while attending a cookout or slip and fall down the stairs. Liability insurance protects you against such risks by covering the cost of visitors’ injuries and property damage while on your property.
Additional Living Expenses
If your rental home or apartment receives extensive damage due to a catastrophe, you may need to move out while it’s being repaired. This coverage helps pay for your living expenses during this time to include hotel bills, meals out, laundry services, etc.
The affordable cost of renter’s insurance makes it a wise investment in protecting your interests. For more information on policy options and costs, contact Commonwealth Insurance Center in Williamsburg, VA.