Tenants - renters insurance simplified Insurance Guide

Confused about insurance for renters? Here is a guide tenants that will help you understand this insurance.

Renters Insurance Guide

Many people think that their owners insurance will cover you if their possessions are stolen or damaged.Not the es.Seguro of the owner only covers the building in which he lives, not their belongings.If you want to protect their belongings that you need to secure tenant.

Secure renters is one of the less expensive types of insurance, however, provides protection of incalculable value for you and your pertenencias.Seguro renters covers three basic categories:

Personal property

Personal property coverage pays to replace your belongings If stolen or damaged by vandalism, fire, smoke, lightning, explosions, wind storms, electrical faults or burst water pipes.

There are two types of coverage available personal property:

Coverage value of actual cash - paid to replace your belongings, less a deduction for disapproval.

Coverage – paid to replace their personal property with no deduction of depreciation replacement costs.

Standard policies only provide coverage limited to expensive jewellery, furs, silver and collections items, by which you may need to purchase additional coverage for these elementos.También standard policies do not cover damage caused by floods or earthquakes, so if you want coverage for these disasters need to buy additional insurance.

Additional living expenses

This coverage pays expenses living - hotel, motel and restaurant - bills if your home becomes uninhabitable due to the reasons mentioned anteriormente.Mayoría insurance will reimburse the difference between their normal living expenses and additional living expenses.

Personal responsibility

Personal liability coverage pays for medical expenses of another person if that person hurts you, a member of the family or to its mascota.También covers damage to property of the persona.Algunas policies do not cover pets as pit bulls or rottweilers.

Standard policies generally come with $ 100,000 to $ 300,000 worth of liability coverage, but you can buy more, if you have a lot of assets to be protected in a lawsuit.

Cheap insurance for renters

Because renters insurance can vary by hundreds of dollars for a company to the next, is the best way for renters cheap safe to visit a website comparison insurance quotes from several companies.