Renters insurance is an important form of coverage for tenants here in the Pinellas County area who rent their homes or apartments. It can provide financial protection against losses due to theft, fire, and other unexpected events. But what exactly does a policy from us at Zenith Insurance Group cover?
What does renters insurance cover?
Generally speaking, renters insurance covers three main areas: Personal Property, Liability Coverage, and Additional Living Expenses.
Personal Property coverage compensates tenants for any damage or loss of their personal possessions, such as furniture, electronics, clothing, and more.
Liability Coverage provides protection from lawsuits if someone is injured in your rental home or apartment and you are found legally responsible for the incident.
Finally, Additional Living Expenses covers the cost of alternative housing should your rental property become unlivable due to a covered event.
Renters insurance also typically includes coverage for Guests’ Property Losses where you are held liable when visitors’ possessions are damaged or stolen while on your premises. Depending on the policy specifics you’ve chosen, there may be additional coverage available as well including pet liability coverage in case your pet causes bodily harm or property damage; identity theft expense coverage; credit card fraud; and more.
In many ways, renters insurance is like homeowners insurance – except tailored specifically to those renting a home rather than owning it. It’s an essential form of protection that helps give you peace of mind should something happen to your belongings while living in a rental property.
We Can Help!
For more information, or if you want to find a policy that meets your needs and your budget, give us at Zenith Insurance Group a call today. We are proud to serve the Pinellas County area and would be happy to help you.
As a renter, you know that your landlord’s insurance doesn’t cover your belongings in the event of theft, damage from a natural disaster, or other covered incident. That’s where renters insurance comes in. But with so many options out there, how do you choose the right policy for your needs? Zenith Insurance Group in Pinellas County provides you with a guide.
Here are some things to consider when shopping for renters insurance
1. Coverage Limits
One of the most important things to look at when shopping for renters insurance is the coverage limits. This is the maximum amount that your insurer will pay out in the event of a claim. Make sure to choose a policy with limits that will cover the replacement value of your belongings. It should also be enough to cover any medical expenses if someone is injured in your home.
Another important thing to consider when choosing a renters insurance policy is the deductible. This is the amount you will have to pay out of pocket in the event of a claim. Choose a deductible that you can afford to pay in the event of an emergency.
3. Policy Riders
Policy riders are optional add-ons that you can purchase to customize your renters insurance policy. Riders can cover things like high-value items, pet damage, or identity theft. Choose the riders that make sense for your needs and budget.
Of course, you’ll also want to consider the cost of your renters insurance policy. Premiums will vary based on the coverage limits and deductibles you choose and the location of your rental property. While it’s advisable not to go for the bare-minimum coverage to save on premiums, you don’t want to overpay for coverage you don’t need, either.
Get Renters Insurance in Pinellas County
Now that you know some of the things to look for when shopping for renters insurance, it’s time to get started. Zenith Insurance Group can help you find the right policy for your needs. We have coverage options to fit any budget, and our experienced agents can help you tailor a policy to your specific needs. Contact us today to get started.