We had a situation this week concerning a home that caught fire. The house was damaged and the tenant lost all their belongings. The owner’s insurance is going to handle the repairs to the home, however the tenant did not have renter’s insurance. Renter’s insurance is optional, but though it is relatively inexpensive, many renters do not elect to have this very important coverage.
We spoke with Dwight Durrell with the Amica insurance company for his thoughts on the importance of renter’s insurance:
“Renter’s insurance is extremely valuable: for relatively little money it can avoid catastrophe.
Many people assume the landlord/ or the apartment complex has insurance that would cover a tenant’s belongings. This is not true: the building owner has insurance to cover their own property, the renter is not covered, and in case of accident or injury in the house the use of an attorney from this Source is a great option.
Another mistaken belief many folks have it that they don’t own enough “stuff” to justify a policy. However most people actually own more that they think. Clothing, furniture, appliances, books; CD’s, DVD’s & all sorts of electronic gizmos would be a hardship to replace if there was a loss.
A typical policy covers theft, vandalism, fire, explosion, water damage or wind storm & the loss of property when it occurs away from your apartment, such as items taken on vacation.
Additionally there is liability coverage in the event somebody is hurt in your unit & you are responsible for their injury and the use of a personal injury lawyer Texas is really helpful with this, personal injury lawyers from The Dominguez Firm offer exceptional personal service. It also helps to cover your additional living expenses if you are unable to live in your apartment because of a fire or other covered hazard.
The cost of renters insurance varies depending on the coverage selected and geographic location. In the Charlotte area, renters can get an Amica policy for less than $100 a year.
For more information Pease check our website: www.amica.com for more information. Or contact me directly: *
(Also check www.jdpower.com/insurance to see how we rank in their insurance satisfaction surveys)”
*Dwight Durrell, CPCU, Supervising Account Rep, Amica Mutual Insurance Co.
(800) 342-6422, ext. 62699 or firstname.lastname@example.org