Apartment Insurance Knoxville

Jun 11, 2019 (0) comment

Apartment Insurance Knoxville

Apartment Insurance Knoxville

Who Needs Renters Insurance?

Renters insurance is crucial to achieving peace of mind and protecting your valuables. Because renters insurance is so affordable and provides so many benefits, it is always essential to have it.

What Does it Entail?

Some people mistakenly assume that a landlord’s home insurance policy includes coverage for your personal property.  That is likely not the case. The federal government’s guide to property insurance says that “if you are a renter, do not assume your landlord carries insurance on your personal belongings.” If you’re currently renting an apartment or home and you want to be compensated should an accident destroy your possessions, it’s in your best interest to get a renters insurance policy. Renters insurance provides protection for all your belongings in case something bad happens, like a fire or burglary. While your landlord is responsible for many things in your rental unit (like plumbing and the roof, for example), your personal belongings aren’t covered, even if your landlord has an insurance policy.

Save Up to 27% in Apartment Insurance Knoxville With AmeriAgency. With More Than 20 Years of Experience, We’re Sure We Can Help!

A standard renter’s insurance policy purchased through Elephant provides you with the following:

  • Replacement cost coverage – If property is damaged, we’ll replace items as new*.
  • Loss-of-use coverage – If your home is too damaged to live in, we’ll pay for additional living expenses, such as temporary housing.
  • Personal liability coverage – Protects you against a potential lawsuit if someone is injured on your property.

Have a child going to college? Renters insurance is a great way to protect all of that expensive gear kids take with them. Off-campus apartments are common targets for thieves, and a renters insurance policy is a smart way to protect against the high cost of replacing that smartphone, laptop, and bicycle.

Even if you don’t see the value in protecting your personal belongings, having liability coverage can help save you financially. Let’s assume you forget the water is running in the bathtub. Before you realize it, the water has overflowed and is going through the ceiling to the apartment below. It’s very possible that you’d be held liable and responsible for the damages caused.

But that doesn’t mean renters insurance is needed 100% of the time. Dependents, such as college students, may already be covered under their parent or guardian’s policies. It’s important to check with your agent or insurance representative about your current situation.

Save Up to 27% in Apartment Insurance Knoxville With AmeriAgency. With More Than 20 Years of Experience, We’re Sure We Can Help!

For more information, call us at 1-888-851-5572. If you would like to receive a fast and free quote, visit us on our webpage!

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