Why have Renter’s Insurance?
Imagine, the water heater in the home you are renting bursts and floods the house, ruining everything.
Your landlord’s homeowner’s insurance does NOT protect your stuff.
Don’t let this happen to you.
For about $12 per month, you can purchase renter’s insurance so YOU are covered.
What Is Renters Insurance?
Renters insurance covers lost, damaged, or stolen personal items while you are renting a property. This insurance also covers you should a person get injured in your rental and sue you. Without renters insurance, the cost of a legal defense would come out of your pocket.
What Does Renters Insurance Cover?
- Lost or damaged possessions resulting from fire, theft, or vandalism
- Tenant liability should a visitor get injured on the premises (The renters insurance pays the costs associated with the injury. Depending on the circumstances and who is found at fault.)
- Compensation for living arrangements in the event your rental becomes inhabitable due to a storm or fire
Is Renter’s Insurance Mandatory to Rent with Rent Me Florida
Yes, while Renters Insurance is not required by law, RMF landlords do require renters insurance as per your lease. In the event of a disaster, either your renters’ insurance or the landlord’s insurance will likely provide compensation. Protecting you and the landlord no matter what happens on the premises,
Is Renter’s Insurance expensive?
No, for about $12 per month on average you can obtain renter’s insurance. * $30,000 of property coverage and $100,000 of liability coverage as per the Independent Insurance Agents & Brokers of America (IIAB)). You can also contact your auto insurance carrier to easily add renter’s insurance to your current policy.