Renters insurance options that are available when a home is leased
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What tenants should know about protecting their possessions.

Renters insurance is one of the only ways that tenants can protect themselves against the destruction or loss of their possessions while renting an apartment or house.

The NAIC says that a tenant’s contents aren’t protected by a landlord’s coverage.

One of the most common misconceptions about coverage, says the National Association of Insurance Commissioners (NAIC), is that the belongings of tenants, contained in the rental property, are covered by the policy of the landlord. Many people think that renters insurance is meant only for people who have valuable high end possessions, or are under the impression that it is not an affordable form of coverage.

The truth is that renters insurance is very affordable – often less than $ 20 per month.

The landlord’s policy is meant only to cover the building itself, but not the possessions that it contains. Therefore, if there were ever a fire, for example, then the landlord’s coverage would pay for the damage to the structure, but not the clothing, television, laptop, and other possessions inside.

The NAIC says that renters insurance is extremely affordable. The average policy costs…………… continues on Live Insurance News

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