How Renters Insurance Covers Theft, Fire, and More

Many Greenville, OH tenants are surprised to learn that their landlord’s insurance policy generally does not cover their personal belongings. At Jordan Agency, we can help you evaluate your renters insurance options.

What Does Renters Insurance Cover?

A standard renters insurance policy may include the following:

• Personal property coverage may help pay to repair or replace your belongings if they are stolen, damaged or destroyed by a covered peril, such as fire, smoke, lightning or vandalism.
• Liability coverage can help pay for medical bills or legal expenses if a guest is injured in your rental or you accidentally damage someone else’s property.
• Additional living expenses coverage may help with hotel stays and other temporary living costs if a covered event makes your rental temporarily uninhabitable.

Why Do Ohio Renters Need This Coverage?

Unexpected events like severe weather or a kitchen fire can happen at any time. Without coverage, you may be responsible for replacing your belongings out of pocket. Jordan Agency can help you assess the value of your belongings and find suitable policy limits.

What Does This Policy Exclude?

Flood damage, earthquakes, pest-related costs and high-value belongings like jewelry or collectibles are common exclusions under a standard policy. Reviewing your coverage can help you determine whether additional endorsements are needed.

How Much Does a Premium Cost?

Your insurance rates may depend on the following factors:

• The type of property you rent
• Your deductible and any endorsements on your policy
• Your claims history
• The value of your personal belongings
• Your location

Get a Policy Today

Contact Jordan Agency to assess your insurance needs and get a free custom quote.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.