Property Management Blog

Why Renters Insurance Is Important

System - Tuesday, May 22, 2018

Your Stuff- traditionally customers purchase renters insurance to protect their stuff like clothing, furniture, dishes, pots & pans, along with the myriad of other things found inside a home..  

Your Loss of Use- When a major loss occurs the home may not be habitable. Loss of Use coverage pays for the extra expenses to stay at an alternate location.

Guests Medical- When guests get hurt in your home, there are funds available for the guests medical expenses.

Family Liability- This is the coverage that protects you from others and the landlord. When the unthinkable happens and you cause damage to the home or to other's, there will be a resulting lawsuit. Family Liability coverage is what protects you from the lawsuits. The term is called "Subrogation". 

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