Insurance
561-884-1380
centosagency@gmail.com
Boynton Beach FL- Serving the great state of Florida
Renters insurance is usually very affordable. Many policies cost between $10–$25 per month, depending on coverage limits, location, and deductible.
Renters Insurance: A Simple Guide
What Is Renters Insurance?
Renters insurance is a type of insurance that protects people who rent their home—such as an apartment, condo, or house. While your landlord’s insurance covers the building itself, it does not cover your personal belongings or protect you if someone gets hurt in your space. Renters insurance fills that gap.
What Does Renters Insurance Cover?
1. Personal Property
This covers your belongings if they are damaged, destroyed, or stolen due to events like:
- Fire or smoke
- Theft or vandalism
- Water damage from plumbing issues (not floods)
- Certain natural disasters (like windstorms)
Examples of covered items:
- Furniture
- Clothing
- Electronics
- Kitchenware
Even items stolen from your car or while traveling may be covered.
2. Liability Protection
Liability coverage helps protect you if:
- Someone is injured in your rental home
- You accidentally damage someone else’s property
It can help pay for medical bills, legal fees, or repair costs.
3. Additional Living Expenses (Loss of Use)
If your rental becomes unlivable due to a covered event (like a fire), this coverage helps pay for:
- Temporary housing
- Hotel stays
- Meals and other extra costs
What Renters Insurance Does NOT Cover
- Damage to the building (that’s the landlord’s responsibility)
- Flood damage (requires separate flood insurance)
- Earthquakes (usually a separate policy)
- Intentional damage
How Much Does Renters Insurance Cost?
Renters insurance is usually very affordable. Many policies cost between $10–$25 per month, depending on coverage limits, location, and deductible.
Why Is Renters Insurance Important?
- Protects your belongings
- Covers unexpected accidents and liability
- Provides peace of mind
- Often required by landlords
Replacing your belongings after a fire or theft can cost thousands of dollars—renters insurance helps protect you from that financial loss.
How to Choose the Right Policy
When shopping for renters insurance, consider:
- How much your belongings are worth
- Liability coverage limits
- Deductible amount
- Whether you want replacement cost or actual cash value coverage
Renters insurance is a simple, affordable way to protect yourself and your belongings. Even if you think you don’t own much, replacing everyday items adds up quickly. A renters insurance policy helps ensure you’re prepared for the unexpected.