Why You Need Apartment Rental Insurance in Hartford And The Protection It Provides

Sometimes the need for insurance cannot be stressed enough. Accidents happen very often, and these accidents can be surprisingly costly. Most people know that they need insurance for their vehicle, home, or themselves. However, when it comes to apartments, many people tend to overlook the need for renters insurance. Having renters insurance for your apartment is practically a necessity, and the following will show you why.
Don’t count on the landlord! One of the biggest mistakes people make is assuming the landlord’s insurance policy covers the renters that stay in the apartment. The landlord’s insurance typically provides coverage for the building and the apartments that are there. This coverage does not cover renters and their personal belongings. Countless people have lost thousands of dollars worth of belongings because they didn’t have Apartment Rental Insurance in Hartford .
Know the policies that are available. There are typically two types of policies that insurance companies sell to renters. The first policy is the “named perils” coverage. This type of coverage only covers items that have been damaged due to a cause that is specifically noted in the policy. For example, a renter may list a fire or a flood as possible causes that could damage their property. If damaged is caused by any event that isn’t in the policy (i.e. theft, earthquake, etc.), the damage is not covered by the insurance company.
The second policy for Apartment Rental Insurance Hartford is called a “comprehensive” policy. Just as the name implies, a comprehensive policy is much more broad, and covers more damage that’s been sustained. With this coverage you don’t necessarily have to list possible causes for damage, because most causes are included in the coverage. This is the reason why comprehensive coverage is typically much more expensive than named perils coverage.
Renters insurance helps you stay backed up by a variety of coverage. Depending on what policy you choose, you’ll have access to coverage that safeguards everything from clothes to furniture. Most policies also cover your expenses if you have to stay in a hotel or temporary residence while your home is being repaired. There is also protection to cover you in case a visitor is injured in your apartment and needs medical attention. As you can see, having renters insurance for you apartment can really pay off.