Renters Insurance in West Palm Beach, FL

Many renters believe their landlord is financially responsible for any damages from catastrophes, such as fire or theft—this is not true. Although your landlord is responsible for fixing structural damage to the building (e.g., pipe bursts, vandalism), you will likely be wholly responsible for the cost of replacing or repairing your personal possessions if they are damaged or destroyed. If building damage prevents you from living in your rented home or apartment, you will likely have to pay for your own additional living expenses. To protect yourself from financial hardship, every renter should consider purchasing renters insurance.

Contact All County Insurance for a free quote today.

How Does Renters Insurance Work?

Renters insurance is a legally binding agreement with your insurer in which they agree to cover costs from agreed-upon accidents in exchange for your monthly premium. If an accident occurs, you will likely have to pay a deductible—which is an out-of-pocket expense—before your insurance kicks in to cover additional expenses.

What Does Renters Insurance Cover?

Individual policies may vary, but some of the typical benefits included in a renters insurance policy include:

Personal possessions coverage reimburses you for damage to your personal property (e.g., electronics, clothes).
Personal liability protects you from legal responsibility and medical expenses stemming from claims that you caused harm to a guest at your property.
Living expenses coverage pays for costs associated with leaving your residence if damage makes the rented property uninhabitable.

Contact All County Insurance in West Palm Beach, Florida, for more coverage solutions.

How Much Renters Insurance Do I Need?

Although not legally required, some landlords will consider renters insurance a requisite for signing a rental agreement as it can help prevent legal disputes over damaged property down the line. When deciding how much renters insurance to purchase, you should consider getting enough protection to cover the value of your belongings and at least $100,000 of personal liability coverage.