Renters insurance is not required under Pennsylvania law, but some landlords or property management companies may require it. Whether it is required or not, it is an important form of insurance for anyone who is a tenant.
If a renter has a fire at their apartment or house, the structure will be covered under their landlord’s insurance policy. Still, that insurance policy will not cover the renter's personal belongings, furniture, appliances, and any other items the renter purchased independently. The best way to ensure not losing everything you own is to obtain a renters insurance policy, but what does renters insurance cover?
Personal Property Coverage
Personal property coverage will pay to replace your personal belongings and other items purchased by you, such as appliances and furniture, if they are damaged or destroyed by an act of vandalism, a fire, or a natural disaster, such as a tornado or ice storm.
If the house, apartment, condo, or mobile home is broken into and some of your items are stolen, the theft portion of your renters' insurance policy will help to replace those items. It will also help you repair or replace your items that are damaged during this type of incident.
Liability insurance is critical to have because it protects you if someone is injured in your home. If a visitor at your home is injured by something that belongs to you, liability insurance will help pay for their medical bills and time off work. For example, if you are a large, heavy wall hanging that falls off your wall and strikes your guest, giving them a concussion, this part of your renters’ insurance policy will pay for their medical bills, and they will be less likely to sue you.
Get a Quote Today
To create a renters insurance policy that works best for you and your situation, you should enlist the assistance of an agent who has experience with renters insurance policies. The trusted and knowledgeable renters insurance agents at DiMeglio Insurance Associates Inc. in Pennsylvania can provide you with a quote today and start your policy to give you the peace of mind you deserve. Call for an appointment!