Tenant Insurance – It’s not just Property Coverage!
Did you know that Tenant Insurance offers coverage for more than just personal property?
Many people who are renting feel that it is not necessary to carry Tenant Insurance as they do not own enough “stuff”. However, even if you do not own a large amount of personal property, a Tenant Insurance Policy is beneficial for the additional coverage it provides.
The following are the most significant items covered under a Tenant Insurance Policy:
*subject to policy exclusions
Most Tenant Insurance policies also include coverage for:
Similar to Homeowner’s and Condominium Insurance Policies, Special Limits of Insurance apply to certain types of personal property. The limits are the most the Insurance Company will pay for insured loss or damage in any one occurrence. Please refer to our post on Special Limits for more details.
As you can see, a Tenant Insurance Policy provides a significant amount of coverage and goes beyond insuring just your personal property. Many Insurance Companies offer special Tenant Policies for seniors, student discounts, and new business or claims free discounts for first-time policyholders. For as little as $20.00/month (or less, in some cases), you can purchase a Tenant Insurance Policy that will provide you with comprehensive coverage and the peace of mind knowing you are protected in the event of a loss.
For more information on Tenant Insurance Policies, or any of your other insurance needs, please do not hesitate to contact us and we would be more than happy to assist you!
The Costen & Associates Team