Renting your home has a lot of perks. Someone else gets to worry about big home repairs, property taxes and insurance, right? Almost. Although your landlord will have a homeowner’s policy in place to cover their property, renters should still give some thought to insurance. Renters’ insurance is an important way to protect your self while you are renting your home. At Biddle-Shaw Insurance Services Inc. serving San Francisco, CA, we want to help better educate you about your insurance needs. Keep reading to learn more about renters’ insurance.

What is Renters’ Insurance?

Renters’ insurance is a type of insurance product designed to protect individuals who do not own their home, but rather are renting a house, apartment, or condo. Renters’ insurance is different from homeowner’s insurance because it does not cover the actual property. Rather, renters’ insurance is in place to protect you and your belongings. 

What Does Renters’ Insurance Cover?

Renters’ insurance can be customized to suit your particular needs, but in general, renters’ insurance will cover the following areas. 

Personal Property- Your personal property differs from the home’s property. Your personal property includes your possessions which are housed on the property. Should your personal property be damaged or lost due to fire, natural disaster, or burglary, the insurance policy will kick in to have those items repaired or replaced. Without this type of protection, you could be left financially vulnerable following a disaster or burglary. 

Liability- Some renters’ policies will also provide liability protection. This liability protection will kick in if someone is injured at your rental home because of your negligence. This is an important type of coverage to have in place so that you are not left with expensive medical bills or legal fees in the event of an accident in your rental home. 

If you would like to learn more about renters’ insurance, please contact our staff at Biddle-Shaw Insurance Services Inc. serving San Francisco, CA.