advice for first time renters

Byrnes Agency: What To Expect from Renters Insurance

Renting your first apartment can be an adventure, but it’s important to make sure you have a safety net, too. Purchasing a renters insurance policy is good advice for first-time renters. Here is what your policy should cover.

Personal Possessions

If your apartment or condo catches fire, or if a pipe bursts and floods your apartment, your insurance makes sure you are compensated for any personal belongings that may get damaged:

Furniture
Stereo Equipment
Clothing
Linen
Appliances


Your policy also kicks in if any of these items are stolen or vandalized. Opt for a policy that covers the replacement cost rather than actual value so that you can get all the money you need to go forward.

Temporary Living Expenses

Your policy also kicks in if any of these items are stolen or vandalized. Opt for a policy that covers the replacement cost rather than actual value so that you can get all the money you need to go forward.

Temporary Living Expenses

If the damage is so bad you have to temporarily vacate your apartment, you will need another place to stay. Food, lodging and other expenses may be covered by your renter’s insurance.

Liability

If you or a member of your family damages the property where you live, the apartment owner may sue for repairs. Your liability coverage may also pay medical expenses of guests who are injured during their visit.

When you have never lived on your own before, it’s a good idea to take advice for first-time renters. Gather information and find the renters insurance that is right for you.