Priority Insurance LLC Blog
If you’re renting an apartment or a house, having renter’s insurance may have crossed your mind. Is it possible to rent a place without it? Or are you supposed to have this type of insurance before you step foot in your new rental?
What Does Renter’s Insurance Cover
Renter's insurance, also called tenant's insurance, is a kind of insurance that has almost similar provisions that you may find in homeowner's insurance. However, the structure of the dwelling is not included in the coverage. Renter’s insurance will take care of damages and loss of your personal items due to the following:
And while most of the causes mentioned here are very easy to understand, most people have questions about water damage. Take note that renter's insurance covers the discharge of water, such as water from the toilet. You may also add backup for sewer and drain water discharge.
Take note that the landlord's property insurance must cover water damage to the interior section of the apartment. If this happens, notify your landlord immediately right after you clean the water up.
Consider The Following Before Filing a Claim
Always assess the situation before you file a claim. Take note of the incident. If the water damage happened by mistake or was due to negligence, then you might get denied. If the incident happened suddenly or was an accident, it may be covered.
Also, consider your deductible before you file. This is the amount that you pay out of your pocket so that the insurance company covers the remaining amount for damages.
If damage costs are less to repair or to replace compared to the deductible, then you may be asked to replace the broken items instead of going through the hassles of filing a claim. The typical renter's insurance deductible is around $500. Also, filing a claim may increase your insurance rates.
But if the damage is more serious than the deductible and the incident was due to an accident then start by contacting your insurance agent. To be on the safe side, consider taking photographs of the affected area. You also need to account for the losses so you can file your claim faster.
At Priority Insurance LLC, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (864) 297-9744 or Click Here to request a free quote.