Although renter’s insurance is not required under the laws in Pennsylvania, it is a great policy to obtain. A landlord or property management company’s property insurance will cover the structure of residence you rent from them but will not cover your personal belongings and other items you own. In addition to personal property, renter’s insurance policies will cover personal liability also.
If a fire occurs at your home and your personal belongings are destroyed, a renter’s insurance policy will help pay the costs to replace your property. This includes your furniture, appliances, clothing, toiletries, and more. This same coverage will apply if your items are damaged or destroyed by vandalism, a tornado, hurricane, or even a blizzard or hailstorm.
If your house, apartment, mobile home, or condo is broken into and items are stolen or damaged, your renters' insurance policy will cover the loss of the use of those items which means it will pay to replace them or repair them. Any damage to the structure itself will be covered under your landlord's property insurance policy.
If a guest or visitor to your home is injured by an item that belongs to you, this part of your renters' insurance policy will assist in paying for their medical bills and possibly their lost wages if they have to be off work for a period of time. For example, if your guest trips over your ottoman and breaks their leg, this part of your policy will pay the medical bills and other liability costs for that person.
To create the best renter’s insurance policy for you and your situation, you should enlist the assistance of an experienced renter’s insurance agent. Our licensed insurance agents at JB Victor Financial Corporation in Pennsylvania are available to design a policy for you that will provide you with the peace of mind you deserve. Call our office today to set up an appointment!
