The 3 Components of Renter’s Insurance

If you are renting or leasing a home, you may be required to have renter’s insurance. This policy can help protect you and your belongings. At Rock Hard Insurance Agency in Fontana, CA, we offer renter’s insurance and other policies to meet your insurance needs. 

Three Components of Renter’s Insurance 

Personal Property Coverage 

Renter’s insurance provides personal property coverage. Your landlord’s property policy covers the structure of the home but not your personal belongings. 

Your furniture, clothing, and valuables are covered under this policy. If they are damaged, personal property coverage will cover repair or replacement up to the coverage limit. Covered perils typically include fire, wind, and theft. 

It’s important to note that certain items, like antiques or jewelry, may not be covered. You can purchase a policy rider to cover valuable items. 

Liability Coverage 

Liability coverage is an often overlooked component of renters insurance. If a guest is injured on your property, liability coverage will cover their medical expenses. 

It also covers damage to other’s property while they are visiting your home. For example, if someone slips on your floor and injures themselves, this portion of the policy will cover their medical bills. 

It’s important to note that intentional harm or negligence isn’t covered. 

Living Expenses Coverage 

If your home becomes unlivable, this can put you in a financial bind. You’ll likely be required to pay rent on the property. At the same time, you may need to pay for a hotel or another rental.

Living expenses coverage covers the costs of living somewhere else while your home is being repaired. It also includes other expenses, including food, while you are away from home. 

We Are Here To Help!

If you are a renter in Fontana, CA, contact us at Rock Hard Insurance Agency. Our agents will discuss your needs and help you select the right renter’s policy.