Introduction to Renter’s Insurance
When you rent a home in Boston, MA, whether an apartment, condo, or house, you need to obtain insurance for it. You might think that your landlord’s insurance covers everything, but Smoller Insurance Agency wants you to understand that it doesn’t cover your personal items or your liability.
You need renter’s insurance to cover your personal items and liability for accidents that happen within your living area. Your landlord’s insurance only covers the structure and his liability for accidents that happen in public areas of the building.
For example, if someone fell in your living room and broke their leg, your renter’s insurance would cover it. However, if someone fell down the front steps of the apartment building you live in, your landlord’s insurance policy covers the liability.
Your renter’s policy covers everything inside your apartment, condo, or house. If a storm breaks a window, your landlord’s policy pays for the window. However, your renter’s policy pays for the damage to your couch that got wet when the rain came in through the broken window.
Renter’s insurance is one of the eight types of home insurance. The HO-1 to HO-8 policies each have a different use. Renter’s applies to any type of leased living space, while you would have a different type of HO policy if you owned the condo as opposed to a house. A renter’s policy covers any type of rental.
Contact Smoller Insurance Agency serving Boston, MA, to obtain renter’s insurance to protect your valuables. It would otherwise cost you thousands of dollars to replace your clothing, computer, smartphone, stereo, TV, and other personal property.
