Renters Insurance 101

Renters insurance can provide valuable protection for your belongings and liability protection for you in the event of a covered loss. To help you choose coverage that best meets your needs, here are some of the most common questions about renters insurance.

What does renters insurance cover?

Renters insurance typically includes personal property, personal liability, and additional living expenses coverage. If you rent an apartment or house, renters insurance is often required by landlords as protection in the event of a covered loss. Talk to an independent agent about the right coverage for your situation.

How much does renters insurance cost?

Renters insurance can be as low as $15 per month. Premiums can increase as more coverages are added, or if more personal valuables are added to the policy. You may be able to save money by bundling your renters and car insurance with the same carrier.

Is renters insurance required?

Landlords and property management companies typically require tenants to carry renters insurance. In the event of a covered loss, renters insurance can help protect against liability lawsuits. Coverage can also help pay for repair costs following covered personal or rental property damages.

Do I need an insurance rider?

A renters insurance rider is an insurance policy add-on. It’s used to add one or more specific, typically high value items to your policy that might not already be covered under standard renters insurance. For example, an insurance rider could cover valuables such as special jewelry or expensive artwork.

Renters insurance can protect you and your possessions in the event of a covered loss. Request a renters insurance quote online or visit us in Ellensburg at 426 N. Pine Street.