Renting is a wonderful housing option that can simplify so many things in your life. While your landlord will deal with things like maintenance and property taxes, you should consider the importance of renter's insurance. At H. Dean Allison Insurance, serving Altoona, PA, and the surrounding areas, we aim to help the residents of Pennsylvania get reliable insurance information and make solid insurance choices.
Renter's insurance is a special type of policy that protects your personal belongings that are housed on the rental property. The landlord will have property insurance in place, but that type of policy only protects the landlord's investment into the property's structure. It will not provide any compensation to you for your belongings should they be destroyed in the rental property.
A renter's insurance policy is set up to cover the value of your personal belongings in your rental property. If the rental property is damaged or lost, the policy will pay for the repair or replacement of your items. If you do not have renter's insurance in place, you will be responsible for repairing or replacing all of your items out of pocket. This could cause financial problems for some families.
The amount of coverage you will need will depend on your belongings' value. The best way to establish the value is to sit with an insurance professional. They will be able to help you evaluate your belongings to come up with a coverage amount.
You can get a renter's insurance policy to cover furniture, electronics, jewelry, valuables, collectibles, cash, vehicles, and more.
If you want to learn more about our insurance products, please get in touch with us at H. Dean Allison Insurance, serving Altoona, PA, and the surrounding areas.
