Our personal belongings are valuable to us. Fortunately, we have insurance we can invest in to protect our belongings. Homeowners can invest in homeowners insurance that not only protects their personal belongings but a variety of other things as well. As a renter, you value your personal belongings just as much as any homeowner would. Renters insurance, like homeowners’ insurance, is designed to protect your personal belongings. The W.B. Adams Company team is committed to helping Beaverton, OR renters understand the benefits of renters insurance.
What is Renters Insurance?
Renter insurance is similar to homeowners insurance in providing coverage and protection for a renter’s personal items. This protection is designed to pay for the repair or replacement of personal items as long as the damage resulted from a covered circumstance, accident, or situation. Renters insurance even covers the belongings in your car if personal items are stolen from your vehicle and damaged. In short, renters insurance covers everything in your rented space except the walls, floors, and fixtures. It covers the items you move into or store in your home. Your rental space can include, but isn’t necessarily limited to, a house, condo, or apartment. For example, if you experience a sewer backup that damages your furniture and rugs, your items will be repaired or replaced. Also, if your items are damaged due to a fire, these items are covered as well. Many unexpected events can take place that would be covered by renters’ insurance. Renters insurance also provides liability coverage for renters. If your house guest is injured while at your property, renters insurance will pay for the medical care and bills.
Will renters insurance cover my damaged laptop?
Maybe. If your laptop is damaged due to fire, sewer/plumbing backup, vandalism, or theft, renters insurance will pay for the repair or replacement. Other circumstances may make your laptop eligible for coverage as well. However, it should be noted that renters’ insurance covers damages that result from approved events, accidents, and situations. It’s not always easy to decipher what would be covered. However, speaking with an insurance agent can take the guesswork out of the questions. If you have questions about renters insurance, call us. We’re standing by.