Renters Insurance in Washington
Renters insurance gives coverage similar to homeowner's insurance except it’s designed for those that rent their living space in a single-family home, apartment, or condominium. A landlord will typically buy coverage to protect his or her own interest, such as the building, but the policy won’t cover your property. Without renter’s insurance, your interests likely aren’t going to be protected after a disaster.
Do You Need Renters Insurance?
It’s not required in Washington to have renter’s insurance, but it is possible that your landlord can require that you have it as part of the terms of your lease. Anyone that is renting can benefit from it, even college students. College students who rent an off-campus apartment in Lynnwood, WA should have coverage since they may not be covered by their parents’ home insurance policy while away.
What Does a Standard Renters Policy Cover in Washington?
Renters insurance covers many different things when you rent in Lynnwood, WA, giving you many benefits.
Personal liability will give you protection when someone makes a claim against you for property damage or bodily injury. Medical coverage will help pay for medical expenses when someone is injured in your rented space. Additional living expenses can pay for your extra living expenses if the space you rent is unlivable and you need to be somewhere else when repairs are made. It will also cover your personal property. Standard policies may typically only cover actual cash value at the time of your loss. Personal property with a high value, such as jewelry or gold, may only be covered up to a certain dollar amount. The limits in your policy can be less than your property value so you may need additional coverage. An agent at Securum LLC can help you get the right amount of coverage you need.
Renters insurance won’t cover the building you are renting but it may be possible to cover improvements you have made inside, such as the addition of room dividers.
Contact Securum LLC to get a quote on renter's insurance.