Many people who rent may assume that a landlord’s insurance will cover their personal losses should their rental property fall victim to a fire, theft, or other losses. Renters are often dismayed to learn that landlords ensure only their own structures, not the belongings of their tenants.
As a result, renters without insurance are at more risk than they realize. Renters insurance typically covers loss or damaged due to theft, vandalism, smoke, fire, explosion, windstorm, lightning, and faulty indoor plumbing. Categories of coverage usually include personal property, improvements, loss of use, and, importantly, personal liability.
Be aware that renter’s insurance may have certain exclusions, such as damage resulting from floods or earthquakes, and limits on the amounts of coverage for expensive items, such as silver and jewelry.
For more information on your specific needs, call us today at 508-996-8593 (our Downtown New Bedford office) or 508-998-3228 (our office in New Bedford’s far North End) or click here.