Renters insurance is a property insurance policy that covers losses resulting from damage to personal property in your rental house. It is also referred to as the tenant’s insurance. A standard renter’s insurance policy has three types of coverage to protect you, your personal belongings and living arrangements. Reach out to Chastain Agency Inc. agents in Gainesville, GA, for more information on the different types of coverage available.
What does the renter’s insurance cover?
- Personal property
- Additional living expenses
5 Important benefits of renters insurance
For residents in Gainesville, GA, here are five essential benefits you will gain when you buy a renters insurance policy.
1. Safeguard your personal belongings
If you are living in a rental house, it is essential to keep track of your personal property such as smartphones, laptops, tablets, or gaming systems. The renter’s insurance policy covers repairing damaged goods or replacing personal property
2. Injuries at your rental home
The renter’s insurance policy covers lawsuits for injuries or damages occurring in your home. It also covers damage that you or your family members or pets may cause to others.
3. It covers your additional living expenses.
Suppose your apartment or rental home is damaged and becomes uninhabitable while it’s being repaired. In that case, the Chastain Agency Inc. renters insurance policy covers the additional expenses you will incur as you await the completion of repairs, such as the costs of staying in a hotel.
4. Your landlord’s insurance does not cover you.
The landlord’s insurance policy only covers the physical structure and excludes your personal belongings or injuries in case of an accident.
5. It is affordable
Chastain Agency’s renter’s insurance policy is affordable. Talk to our agents in Gainesville, GA, who will advise you on a suitable cover based on the value of your personal property.
Be sure to visit our website for more information on renters insurance or speak to Chastain Agency Inc. agents for more details about what our policy will cover.