How Do I Get Insurance While Living in a Townhouse or Apartment?

Signing a lease and moving into a new townhouse or apartment is an exciting time, and renters insurance may not be your first consideration. However, renters insurance can be a valuable financial tool to protect yourself and your belongings from everyday risks.

What Is Renters Insurance?

Renters insurance is coverage to help financially protect tenants and their belongings from unexpected losses or liability.

The following coverages are typically included in a renters insurance policy:

• Personal property protection—This can help repair or replace your belongings, such as electronics, furniture and clothing, after events like fire and theft.
• Liability coverage—This can cover costs if someone is injured in your home.
• Loss of use coverage—This may help pay for temporary accommodations if you can’t live in your rental due to a covered event.
• Medical payments coverage—This can help with the medical expenses of a guest injured in your home.

It’s important to note that damage to the property’s structure isn’t typically covered by renters insurance.

Optional Add-ons

Your renters insurance policy can typically be customized to fit your needs and situation. For example, you may be able to add pet liability coverage to help with damages to your rental caused by your pet. Reach out to your insurer to discuss any unique circumstances that may need coverage.

Contact Us

Renting an apartment or townhome offers many of the perks of homeownership without the long-term responsibility. However, you should consider protecting yourself and your belongings with renters insurance. The team at Karla's Insurance Agency, Inc in North Chesterfield, VA can help you find a renters insurance policy that fits your needs and budget. Contact us today for a personalized quote or more information.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.