Landlords often carry insurance that includes property and liability coverage. Many tenants believe their personal property is covered under their landlord’s policy, but this is generally untrue. While landlord insurance may cover items that the landlord left on site for use at the property, such as a lawnmower, it does not usually cover belongings owned by tenants.

Instead, tenants should carry renters insurance to help cover unexpected events. Serving Reno, NV, and the surrounding areas, Hinman & Associates Insurance offers renters insurance to protect tenants from financial losses.

What Is Renters Insurance and What Does It Cover?

While most people are familiar with homeowners insurance, renters insurance is not as commonly discussed. A renters insurance policy may cover personal belongings that are stolen or damaged due to a covered peril. It may also cover living expenses if the tenants are temporarily unable to continue living in the home while damages are being repaired. Renters insurance does not cover the structure itself as this is the landlord’s responsibility.

Renters insurance works similarly to homeowners insurance, providing policyholders with financial reimbursement for covered losses to personal belongings. Once your policy is active, you can contact your insurance company when you encounter a covered peril and file a claim up to your policy’s limits, minus any deductibles. While renter’s insurance is not legally required in Reno, NV, some landlords may request proof of renter’s insurance as part of the lease agreement.

Protect Your Personal Belongings with Renters Insurance

Renters insurance is an effective and affordable way to protect your personal belongings when renting a home or apartment. Contact the experienced insurance professionals at Hinman & Associates Insurance today to discuss your coverage needs and safeguard your assets.