If you are renting an apartment or home, it is worth knowing that while your landlord's insurance policy covers the building itself and the property, it does not cover any of your possessions. This means that if there is a fire that costs you your favorite sofa, or a break-in that costs you your TV, laptop and phone, you will be going out of pocket in order to replace whatever was lost. Not only that, but you may find yourself held responsible in matters of liability. While the landlord's insurance policy will often handle issues like these, it's not a guarantee, and you don't want to be held liable should someone be injured while visiting you.
Protecting What's Yours
It breaks down like this: Anything that was already there when you moved in is the landlord's responsibility. The fridge is the landlord's property. The building is the landlord's property. The carpeting is the landlord's property. And if it's the landlord's property, it's the landlord's responsibility. Everything else is up to you.
If you are seeking full protection, you're going to want to consider investing in renter’s insurance. A renter’s insurance policy essentially offers all of the protection that a home insurance policy offers, but for renters. You can leave your landlord to worry about property and liability coverage on the building itself, but you'll want to purchase a renter’s insurance policy if you want to cover your own ends.
If you'd like to see what a renter’s insurance provider can do for you, get in touch with us at Modern Benefits, LLC. Give us a call or stop by the Modern Benefits, LLC office and we'll do the legwork for you, comparing quotes and helping you to get the best deal you can get.
Our insurance agency is licensed in multiple states, including NJ, PA, DE, and MD. We want to help you with all of your insurance needs, no matter where you live.