These days, more Americans are renting than ever before. Still, you hear far less about renters insurance than you do homeowners insurance. For most people, renters insurance is something you pay once and then put out of mind. But if you do end up filing a claim, you’ll certainly be glad you had it.
With this in mind, here are some of the most commonly filed renters insurance claims.
No host ever wants for their guests to become injured. Still, it happens. Two of the most common personal injuries that tend to occur in domestic settings are dog bites and severe falls. In a situation such as this, your guest could end up facing significant medical costs. Thankfully, you can help them out. If your renters insurance has liability protection, then it can help cover these medical costs, as long as the injury was purely accidental.
Fires stand as one of the biggest threats to homeowners and renters alike. This is why everyone knows not to leave the kitchen while cooking, to be careful with candles, and to have a fire extinguisher or two on hand. But no matter how careful you are to reduce the risk of a house fire, they can still happen.
Generally speaking, the landlord’s insurance will cover damage to the structure of the home itself as a result of fire. But the renter must face the costs of finding temporary accommodation (if the fire made the space uninhabitable) and replacing damaged possessions. In this situation, renters insurance can help.
If you live in an area prone to burglary, the prospect of theft is never far from your mind. You should always do your due diligence to minimize this risk, such as by vigilantly locking your doors and protecting your windows. Still, few security measures can completely stop a determined individual from breaking and entering.
If you experience theft while renting, renters insurance can help to cover the cost of your stolen items. While the details vary, your insurance company will generally compensate you for the retail price of your stolen property.
Get in Touch with Wachter Insurance
At Wachter Insurance, our agents are here to help you pick the right renters insurance so you know you have coverage no matter your insurance claims. Have questions about your renters insurance claims? Find answers and learn more about filing insurance claims by contacting us. We will help you understand the coverage and limitations of your renters insurance so you can avoid having your insurance claims denied. Please call us at 301.371.6335, visit our website or drop by our Middletown, Maryland office to personalize your renters insurance policy today. Be sure to follow us on Facebook, Pinterest, and Twitter too!