You may not own your new home, but that doesn’t mean you shouldn’t consider insurance options. Your landlord’s insurance won’t cover damages to personal property in the event of a fire, flood, break-in, or another disaster. Review why renters insurance for your first rental property, and every one after, is something you won’t want to skip.

4 Benefits Rental Insurance Offers

1. Covers a Wide Variety of Personal Property Damages

Get peace of mind knowing you will be reimbursed for furniture, electronics, appliances, jewelry, and other belongings that get damaged or stolen. While policies differ, many plans cover damage from vehicles, fire or lightning, smoke, theft, explosions, falling objects, windstorms, and water and steam from plumbing or HVAC systems.

2. Prevents Liability Issues

Avoid liability if a guest gets injured in your apartment. Renters insurance typically provides several thousand dollars of medical expense coverage, with most including coverage for dog bite injuries. Accidental damages your children cause may also be included in your policy, such as covering replacement costs for lamps and other broken items belonging to your neighbors.

3. Covers Items You Rented or Borrowed

Anything you rent or borrow throughout the course of your rental property stay enjoys insurance protection because they are “in your possession.” If a carpet steam cleaner rental sustains damage when you’re using it, for example, your insurance policy will cover the cost to get it repaired or replaced.

4. Provides Insurance When You Travel

Renters insurance not only protects your belongings when you’re home, it usually provides insurance when you’re traveling. You won’t have to pay for a separate insurance policy to cover your bags if they get lost, stolen, or damaged, nor will you have to cover replacement costs out of pocket. 

Rent one of the affordable apartments or townhomes from Tudor Oaks Properties. Offering the lowest prices in the region as well as furnished kitchens, these rental properties in the Ashland, Boyd County, and Russell Flatwoods areas of Kentucky are well-maintained, and you never have to wait on repairs. Call (606) 325-1240 today to speak with a rental property specialist about your needs or fill out an application online. Get more rental tips on Facebook.