Renters Insurance

Renting your home comes with many perks. Most renters enjoy the freedom they experience with not paying extra expenses like property taxes, significant maintenance repairs, and home insurance. Insurance, though, is something renters should think about. At Bryan Insurance Agency, Inc., serving Arkansas, we love to take the time to help you understand more about insurance products. Keep reading to find out what you need to know about renter's insurance.

What Is Renter's Insurance?

Renter's insurance is an insurance product that protects a renter's personal possessions in the event of damage or burglary at their residence. If the home you rent is damaged due to fire or natural disaster, or the house is burglarized, renter's insurance will pay to have your possessions repaired or replaced. Without this type of coverage, you can be left financially vulnerable following damage or burglary.

What Does Renter's Insurance Cover?

Renter's insurance is usually very similar in many aspects. Renter's insurance typically provides coverage in the following areas.

• Damage/Loss - If there is damage to the home you rent, your personal possessions could be damaged or lost altogether. Your renter's insurance policy will pay to have these possessions replaced or repaired. You must evaluate the value of your belongings carefully so that you can choose a policy that covers you sufficiently. You can speak with an insurance representative to discuss the best way to evaluate your possessions and how much coverage you realistically need.
• Liability - Liability insurance will provide coverage if someone is injured while at your rental. In some cases, an injury can be considered your fault. These types of situations can sometimes turn legal. If this happens to you, a renter's liability policy can cover both medical bills incurred as well as legal fees.

If you would like to learn more about renter's insurance, please contact our friendly staff today at Bryan Insurance Agency, Inc., serving Arkansas.