If you rent an apartment or a single family dwelling, you may not be aware of how important renters insurance in Decatur is. Many people assume that the landlords homeowners insurance in Norcross will cover damages to their personal belongs, but the landlords insurance will only provide coverage to the structure of the property. If there is a fire, natural disaster or injury you are responsible for the damages to your belongings and can be sued if someone is injured on the property.
There are a number of different options to choose from when buying renters insurance in Decatur. The amount of the policy will depend on factors such as the amount of your deductible and how much coverage you need. A personal property policy will cover your personal belongings should they be damaged from smoke, lightening, vandalism, hail or fire as well as water damage such as a busted pipe.
Personal property coverage will also cover the cost of loss for personal belongings if you are a victim of theft. When you take out a personal property policy it is important to list everything in your home, including appliances, electronics, jewelry and clothing. Your insurance agent will be able to provide you with additional information regarding the items you are allowed to include in the policy as well as items that you can issue a claim for.
An additional coverage that is recommended for renters insurance is liability coverage. Liability protection means that if someone is visiting you and gets injured, you are protected should the person sue for damages. There are different amounts that you can obtain for liability insurance, but the minimum is typically $100,000, which covers damages and injuries that is caused by you, your pets or your children or occurs at your residence.
One of the most important additions you should add to your renters insurance policy is additional living expense. This coverage means that if there is damages to your residence or a hazard that prevents you from living in the property, your insurance will pay a percentage for you to live elsewhere while repairs or replacements are being made to your residence. The coverage typically includes the cost of a hotel, meals, laundry and other living expenses that are paid until your home is ready for habitation. Visit ATI Insurance for more information.
There are a number of different options to choose from when buying renters insurance in Decatur. For more information visit the website or Like us on Facebook.