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Beware of these Renters Insurance Loopholes

Beware of these Renters Insurance Loopholes

Whether or not you are a first-time renter, it’s a good idea to consider renter’s insurance. The right plan gives you coverage for your rental property and the items inside.

Whether or not you are a first-time renter, it’s a good idea to consider renter’s insurance. The right plan gives you coverage for your rental property and the items inside. However, it won’t always cover everything. Here are some holes in the renter’s insurance coverage to watch out for.

Roommates

Don’t make the mistake of assuming your renter’s insurance policy will cover your roommate’s belongings by proxy. Each should take out their own insurance.

Floods

Another unexpected issue that is not covered by renter’s insurance is flood damage. Flood insurance can be purchased separately.

Cars

Another popular misconception is that renter’s insurance coverage can apply to vehicles, but that, unfortunately, is not true. Although, you can use your renter’s insurance to protect items stolen from your car, not related to the car itself. The best way to protect your car is with its own auto insurance policy. The best thing that you can do is talk to a qualified insurance agent who can help you find the pros and cons of different policies. Then you will be able to get the coverage that you can feel confident about.

Get in Touch with Wachter Insurance

Whether you need homeowners’ insurance or auto insurance, our team at Wachter Insurance Agency, Inc. is here to help. We offer each of our clients the same competitive rates, professional customer service, and a huge range of policies to choose from for your needs. We have been serving Maryland, West Virginia, Virginia, Pennsylvania, and the District of Columbia since 1969 and we would love to help keep your home and family safe every day of the year. For more information, give us a call at (301) 371-6335 or visit us online. For more blogs like these, follow us on Facebook, Twitter, and Pinterest.

This entry was posted on Thursday, October 17th, 2019 at 4:50 pm. Both comments and pings are currently closed.