Tenant Insurance for Renters
WHAT IS TENANT'S INSURANCE?
Tenant insurance helps protect a rented apartment or rented home against unintentional damage from a tenant, and it can also protect the tenant if something unforeseen happens. Tenant insurance provides protection for your contents and accidental damage to your landlord's property. Tenant insurance is inexpensive, and provides peace of mind. You can get tenant insurance for as little as $15 per month.
6 Reasons Why Renters Should Buy Tenant Insurance:
1. Landlords Require it
When you try to rent a place, often landlords will require that you have a tenant insurance policy.
2. Damage to Rental Unit
What if you cause accidental damage to your rental unit, such as a fire? A tenant insurance policy can cover you for smoke damage caused to the apartment you’re renting.
3. Replacement Cost for Contents
A tenant insurance policy can cover the cost to replace your furniture, clothes, electronics, PS5, and computers if they are damaged or destroyed.
4. Liability for Your Premises (apartment/home)
If a friend slips in your shower, you could be sued for their injuries. Tenant insurance policies typically include $1,000,000 liability insurance for premises.
5. Liability for Personal Actions
If you accidentally hit someone with your bike and cause them serious injury, this could result in a lawsuit for your negligence. A tenant insurance policy can provide $1,000,000 in coverage.
6. Pet Coverage
What if your pet bites someone and they sue you? If you have a pet, your renter’s insurance policy can cover liability claims of this type.
We recommend the tenant insurance policy offered by Square One Insurance:
In less than 5 minutes can get an online tenant insurance quote from Square One Insurance - insurance for as little as $12/month!