Living without rental insurance is very risky, yet 60% of renters do exactly that. It means that if you are hit by a fire, tornado, or another hazard, you could lose everything you have. If you count on your landlord's property insurance to protect you, you will be disappointed. Their insurance only covers their property, not yours. At Asato Insurance LLC in Utah, our team has the experience and knowledge to help you get the renters insurance you need.
Coverage renters’ insurance provides
Renters insurance has a lot of the same types of coverage that home insurance has, except you don't own the building, so that coverage is not included. What is included is:
- Content coverage
- Liability coverage
- Loss of use coverage
Content coverage protects your personal possessions. They are covered while in your rental and always away from the rental if you have them with you. It covers for damage and also for theft. You have two options for coverage. You can choose the actual value of your items, which takes their age into account, or you can select the cost to replace the item at today's prices.
If you entertain or have guests at your rental, you can end up with someone being injured. If that happens, you could have to pay for medical bills, and you may even get sued. Liability insurance will protect you and help cover legal expenses as well.
Loss of use
If something happens to your rental, you may need to temporarily find another place to stay. Loss of use coverage takes care of that, and it is a real lifesaver.
Give us a call today.
Why wait? Please stop by our office or give us a call at Asato Insurance LLC in Utah to talk about your renter's insurance needs. Protecting what you have worked so hard to accumulate is essential, and it is straightforward and affordable to do with the proper coverage.