73 Cavalier Blvd
Florence, KY 41042
For homeowners out there, there are many insurance policies that can protect you and your home for a multitude of scenarios. But what if you don’t own a home? What if you rent a home or an apartment? Is there any sort of coverage that can protect your belongings in such a case? Coverage like this does exist and it’s called Renter’s Insurance.
Renter’s Insurance is what the title implies, it is insurance for people who rent, and it covers all your belongings. If you have the unfortunate instance of suffering a calamity to your rental dwelling (fire, burglary, etc.) and you end up losing possessions, renter’s insurance can cover those items that you’ve lost. You can also have Liability insurance tied in which can protect you from the event that someone else gets injured on your property. Unlike a mortgage where some form of homeowner’s insurance must be carried, in Kentucky, renter’s insurance is not required to rent a house or an apartment. One of the great advantages of renter’s insurance is the fact that the premiums are much cheaper in comparison to homeowner’s insurance, usually, it’s about half the cost. The cost of the premiums for renter’s insurance is usually tied in with how much your possessions cost.
Usually, a renter will list everything they own and total up the cost and affix enough coverage to cover that amount. There are some situations that renter’s insurance won’t cover under normal policies. Usually, these situations are “acts of God” such as floods, hail damage, earthquakes, etc. You can purchase an additional rider to cover these acts at an additional cost per month, this is especially smart in earthquake zones such as California.
Budget Guard Insurance can handle all your Renters Insurance needs in the Northern Kentucky / Greater Cincinnati Ohio area. Contact an agent with Budget Guard Insurance to get the protection that you need for your rental property.