Millions of people choose to rent because of the soft commitment and guaranteed assistance with maintenance and repairs. Renting works well for people who are not ready to take on a mortgage and for people who enjoy the community atmosphere of some rental communities. Renting, however, does have its risks.
One threat to a renter is the risk of losing their personal belongings in a disaster. As a renter you should be concerned about things you may become legally liable for also. At Holly Hill Home and Auto, Inc. in Florida, we are here to help you learn more about renter's insurance and how it can help you.
Yes, renter's insurance is the only way to effectively protect your personal belongings while you are living in a rental property. The property owner will have insurance in place to provide coverage for them in the event that the home is damaged, but that does not provide any protection for your personal belongings.
Without renter's insurance in place, your stuff could be lost during a disaster such as a fire, tornado, or break-in. You would be left with the financial responsibility of replacing or repairing those items. This could put a financial burden on you and your family.
Renter's insurance provides payments for the repair or replacement of your personal belongings up to a certain amount. In most cases, coverage will kick in if your belongings are lost during a fire, burglary, or natural disaster.
If you are concerned about flooding in Florida, please contact one of our insurance experts. We will be able to discuss flood risks in your area and how flood insurance works based on your risk factors.
If you would like to learn more about renter's insurance or any of our other services, please contact us at Holly Hill Home And Auto, Inc. serving Florida.