Renters insurance is a type of coverage designed to help protect renters living in an apartment or house. Renters insurance typically include several types of coverage that help to protect your family, your assets, and your living arrangements.
Depending on the type of coverage, renters insurance will include personal, liability, and living expenses. Personal property coverage will cover the cost to replace your belongings up to the limit of your policy. Liability coverage will cover repair or replacement costs if you damage someone else's property or someone incurs medical bills if you are found liable for their injuries. You also have the option to buy in into coverage that includes living expenses — this will cover the additional costs you incur like hotel bills if the prior residence is left uninhabitable for a certain amount of time.
Residents aren't required to purchase renters' insurance. However, keep in mind that some landlords will include insurance in monthly rent. This insurance will typically only cover general building damage. It will not include the cost to repair or replace your personal belongings, liability coverage, or coverage for additional living expenses due to an uninhabitable residence.
Even though it isn't required, it is still strongly suggested to obtain renters insurance. Renters insurance is very affordable, with factors like how much coverage you need, the type of coverage you pick, the amount of deductible, and where you live being factors as to how much it will cost. Historically, however, renters insurance has been very accessible.
Griffith Insurance LLP caters to the West Chester, PA area and surrounding communities. We offer several different types of insurance, including comprehensive renters insurance. We focus on personal service, customized packages, and professional consul for our clients seeking coverage. If you are a Pennsylvania resident and want to learn more, visit our office in West Chester, PA, or contact us by phone.
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