A tenant homeowners insurance policy offers protection against losses to your personal property caused by perils usually including, but not limited to, fire, windstorm, lightning, vandalism and theft. Policy forms are available for comprehensive peril coverage.
In addition to your personal property, your policy usually includes some coverage for loss of use of the property. Loss of Use coverage is paid toward the increased expense incurred if your home cannot be occupied as a result of a covered loss.
A renters policy also includes Personal Liability and Medical Payments coverages. Personal Liability coverage protects you from a claim resulting from bodily injury or property damage to others caused by your negligence. Medical Payments coverage is for the medical expense of others regardless of your legal liability.
There are many options to complete your renters insurance policy. Some of the options include:
- Backup of Sewer and Drain
- Assisted Living Care Coverage
- Scheduled Computer Coverage
- Identity Theft
- Replacement cost
- Sinkhole Collapse
- Scheduled Personal Property