Does Your Landlord’s Insurance Cover Your Personal Property?

Usually, after someone purchases a home, their next step is to also purchase homeowners insurance to protect their new investment. Homeowners want to make sure their new house and everything under its roof are secure.

So why don’t apartment and condo renters feel the same? Statistics show that less than half of renters own renters insurance. Could it be because they believe the landlord has it covered? Or maybe they don’t really care what happens to the outside of the building, since it’s only theirs temporarily.

Well, the landlord has the outside of the building covered, and many apartments will require you to purchase a light form of renters insurance if you move in, but your personal possessions will not be covered unless you buy renters insurance yourself.

Your things must be valuable to you. Why not protect them? Your neighbor could cause a fire. A burglar could take your iPod, laptop, and flat screen TV while you’re out at dinner. A hurricane or earthquake could ravage your entire living room. It’s important to protect what you have.
Here are some of the misfortunes that your renters insurance will usually cover:

• Fire / lightning
• Windstorm / hail
• Explosion
• Riot / civil disturbance
• Aircraft
• Theft
• Broken glass
• Vehicles
• Smoke
• Falling objects
• Vandalism or malicious mischief
• Volcanic eruption
• Weight of ice, snow, or sleet
• Overflow of water
• Freezing
• Artificially generated electrical charge

Accidents can happen anywhere. Unexpected situations run rampant. Make sure your personal property is safe, sound, and secure.

For more information on renters or condo insurance, contact us today! We’re Podmaska Insurance, an independent insurance agency based in Providence, Rhode Island.