| Renter’s Insurance Disasters don’t differentiate between rented buildings and owned homes. Renters face the same risk as homeowners. Your landlord may have insurance, but it only protects the building structure, not the personal items inside. Renters insurance can protect your belongings in case of disaster. What would happen to your belongings if: • Your apartment building burned down? • A thief broke into your town house? • A guest slipped and injured himself in your kitchen? • The home you're renting suffered water damage? Without renters insurance, you have no coverage for personal property loss or damage. You can get affordable renters insurance (also called apartment insurance) to protect you in situations like these. Protect Your Belongings Too often, people think they don't have enough property to make a renters insurance policy worthwhile. But let’s consider what you own, and what you've got to lose, such as: • Clothing • Furniture • A television or entertainment system • A computer • An iPod • Musical or sporting equipment • Jewelry Renters insurance provides protection if your personal property is damaged, stolen, or destroyed. When Does Renters Insurance Apply to You? Your renters policy will state exactly what you're insured against, it’s called “named peril” coverage. The named perils in your renters policy may include: • Fire or Lightning • Windstorm • Smoke • Vandalism or Malicious Mischief • Theft • Accidental Discharge of Water • Other common loss types Your coverage will also include liability protection, which covers injury to another person on your property. If necessary, your policy may even pay for your legal defense in these circumstances. Additionally, your policy will include medical payments coverage that pays for medical expenses of people who don't live with you, but who are injured on your property.
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