THURSDAY, OCTOBER 20, 2022
Renters insurance is essential if you rent a home, apartment or another type of dwelling. Having renters insurance can limit potential out-of-pocket expenses related to accidents that occur inside the place you’re renting. Selecting the right policy can be complex, so the agents at Cloverleaf Insurance are here to guide you through the process.
How Renters Insurance Works
Similar to most insurance policies, renters insurance works as an agreement or contract between you and your insurer in which you pay an insurance premium for financial assistance after a covered accident. You will likely be required to pay a deductible for your policy, a specific out-of-pocket cost you’ll cover after an accident before insurance kicks in.
What Renters Insurance Covers
Coverage varies among tenants, but a standard renters insurance policy commonly includes the following:
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Personal property coverage helps cover costs if items kept inside your dwelling become damaged or stolen.
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Liability coverage helps cover medical expenses if someone gets injured inside the place you’re renting.
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Additional living expense coverage helps pay for temporary living arrangements if you cannot live in the place you’re renting because it was damaged.
Specific policies might be tailored to include alternative coverages. Speak to an agent at Cloverleaf Insurance to learn more about your coverage options.
How Renters Insurance Claims Work
Upon filing a claim, your insurance provider will commonly send someone called a claims adjuster to investigate the accident. If your claim is approved, you will likely be reimbursed for the value of the damages or stolen items.
Learn More
If you are a tenant near Saint Peters, Missouri, the agents at Cloverleaf Insurance are here to guide you through learning more about renters insurance so you can decide on the right coverage for the place you’re renting.
Contact our agency today at 800-530-5822 to learn more.
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