Renters insurance helps to protect the property you store in a rental home in case of fire, flooding, or theft. However, while this is the most significant benefit that most people know about regarding renters insurance, it is not the only benefit. Here at Express Insurance, serving the greater Longwood, FL area, we want to help you learn more about the lesser-known benefits of renters insurance.
Living Costs If Your Rental is Uninhabitable
If your rental home becomes uninhabitable, your renters’ insurance policy will help cover the costs for a safe and inhabitable place to live. If your rental is only uninhabitable for a short period, the rental policy may cover the cost of a hotel room. Suppose your rental home is unavailable for a prolonged period. In that case, the rental policy may cover the difference between a short or long-term rental and your rental expenses at your rental home.
Legal Expenses If You’re Sued
If someone is injured in your rental home, they may try to come after you. Your renters’ insurance policy covers medical expenses if someone is injured in your rental space and legal expenses if you are sued by someone injured in your rented space.
Off-Premise Coverage for Belongings
The final benefit of renters’ insurance is its off-premise coverage for your belongings. For example, if you go on a trip and belongings get stolen from your hotel room, your renters’ insurance policy will cover that loss.
Renters’ insurance covers many different types of events and has many benefits that most people are unfamiliar with. If you are looking to purchase a renters’ insurance policy in the greater Longwood, FL area, let Express Insurance help. Call us now to get started.