Moving into a new place is exciting and stressful at the same time. So why add more stress to your life by choosing a renter’s insurance plan? ResidentShield renter’s insurance policy is the solution for peace of mind. Let’s delve into the specifics of coverage, who should be covered and why it is vital to have your plan and not rely solely on the property owner’s coverage.
If you ever wondered at some point if any personal possessions like TVs, clothing or jewelry were covered in case of theft, ResidentShield has got you covered. Your plan with ResidentShield covers personal property damages due to natural disasters, theft and vandalism. Please note that earthquake coverage is only available in California. For as little as 43 cents per day, you can protect yourself and your belongings with ResidentShield. Property owners will have their own coverage, which only protects the building/unit and common areas. You don’t want to find yourself in a situation such as a busted pipe and not have any personal items covered.
Regarding water or sewer damages, select coverage that covers damages of contents when water backs up from a sewer or sump pump. Please note this will not cover flooding or seepage. Always be safer than sorry and drip those faucets when the temperature drops below freezing, primarily if you reside in the southern part of the country where most outdoor plumbing is not winterized.
With personal liability protection, receive up to $100,000 of coverage against claims such as slip and fall injuries and accidental damage to apartment property. So, during your Friendsgiving this year, you are covered if anyone has too much to drink and falls. The policy covers up to $1000 per person per accident in case of accidental injuries. If Snoopy gets too turkey-crazed, freaks out and bites the neighbor, you can select an animal liability provision for dog bites, covered up to $10,000. Pet damage coverage offers $500 in liability coverage for pet damages to the rental.
Inventory all your possessions to assess their value better and select the renter’s insurance quote that best fits your situation. Store and save photographs or a video inventory of personal property in the cloud or off-site. Save receipts of purchases and credit card statements for proof of these belongings. You can even pull a Monica from Friends and store essential documents in a fireproof container several feet away from sprinklers.
It’s important to note who should have renter’s insurance. Students, seniors and military personnel should still have a renter’s insurance plan. College students living in university-owned or off-campus housing for nine months out of the year are considered apartment renters. Theft is common in dorms, so college students should always carry renters’ insurance. Those expensive computers, smart tablets, TVs and gaming docks are costly, and many students cannot afford to replace them in case of a burglary. Seniors living in an assisted living or retirement facility are like students. Though seniors might not have those gaming docks, they might have irreplaceable family heirlooms that should be covered in case of damages. Seniors can benefit from electronic protection programs and access discounts of up to 20%. Military personnel should also carry renter’s insurance since they are not consistently living at the property and will be protected in case of theft or fire.
Lastly, a good renter’s insurance plan will be there in case a natural disaster occurs and you must move out temporarily. As a result, you will be reimbursed for your additional living expenses.
So why wait?! Get coverage today!
