Moving into a new apartment is a very exciting and fulfilling experience. However, you must approach the process practically, especially when it comes to renters insurance. This essential coverage offers important protection for all sorts of unwanted events, so here are a few basics to help you make smart decisions. 

What Does Renters Insurance Cover?

Unlike home coverage, renters insurance does not cover the physical structure of your apartment. Your landlord's property policy extends to the structure, including walls, foundation, and roofing. It also pays for damage to any common areas in the building. However, it's your responsibility to secure protection for any belongings kept within the unit. 

A renter's policy extends protection to personal items like furniture, electronics, clothing, books, computing devices, and other belongings. Very valuable items like jewelry are also protected, but they may require an additional rider to ensure you receive full value for them. These policies also come with a liability component, which protects you against legal action if someone is injured in your apartment. 

Why Should All Renters Have Insurance?

Many landlords require renters to have insurance to prevent potential liability issues. However, you should implement coverage whether it's mandatory or not. Even if you don't believe that your belongings are worth much, consider how much it would cost to replace everything you own in the event of a fire or some other type of disaster. You may also need to secure temporary housing until the unit is repaired, and some policies extend funds to cover temporary lodging. 

The liability coverage is also crucial. If a person is injured at your home, you'll be responsible for things like medical bills and lost wages. If they decide to sue you, you'll also be responsible for court costs, including attorney's fees. Renters insurance provides essential coverage in this case, which can save you lots of money and hassles. 

In Lexington, KY, Ashton Park Apartments offers locals safe, comfortable, and homey accommodations. You'll love the central location of these apartments, which puts you in proximity to great shopping and recreation. Rent includes water, sewer, and trash, and you'll also be privy to great amenities like dishwashers, microwaves, and full-sized washers and dryers. Visit the website to get started on an application now, or call (859) 389-6000 for more information on vacancies.