If you are renting a home or apartment in Las Vegas, NV, you will need an insurance policy that covers your belongings. Certain liabilities and your personal belongings are only covered through renter’s insurance that you will have to find and purchase. It’s common for people to assume that the landlord’s insurance policy covers the renter’s belongings as well as the landlord’s property. Insurance will generally only cover losses to the building. If there is damage to your property, the cost of replacement can quickly add up, and if someone is injured while visiting you, they can file a claim for damages against you. So, if you thought you didn’t need renter’s insurance, Everett Insurance Group has put together a few good reasons to consider it.
Covers Loss to Personal Property
Even if you don’t own a lot of valuable belongings, the cost to replace your things can add up quicker than you may realize. Renter’s insurance protects against you against losses to your personal property, including electronics, furniture, jewelry, and clothing. A renter’s insurance policy may cover loss to personal property from a variety of different perils, including fire, smoke, hail or windstorm, and vandalism.
Provides Liability Coverage
A standard renter’s insurance policy also covers liability, which is protection should someone get injured while in your home or if you accidentally injure someone. Liability coverage pays legal expenses as well as court judgments, up to the policy limit.
Keep in mind that your landlord’s insurance generally covers the structure and the grounds, but not your personal belongings. For this reason, it is common for landlords to require tenants to purchase their own renter’s insurance policy, and many landlords require proof of this. When buying renters insurance, be sure you carefully review the policy and understand what the policy covers, what your deductibles are, and the coverage limits.
Residents of Las Vegas NV interested in learning more information about purchasing renters insurance should contact Everett Insurance Group.