Renting your home provides a great sense of freedom as well as the security of property management. However, there are still some responsibilities that fall to you as the renter. If you have been wondering about renter’s insurance, we are here to help. At Will Wright Agency Inc. serving Decatur, AL, we love the opportunity to educate our clients on insurance products, like renter’s insurance. 

What Is Renter’s Insurance?

Renter’s insurance is an insurance product that was designed for those who rent their homes rather than own. It is very important that you do not confuse renter’s insurance with the home insurance your landlord holds on your property. The property insurance policy a landlord holds on the property only protects the landlord in the case that the property is damaged somehow. This type of insurance offers no protection for your personal belongings as the renter. 

What Does Renter’s Insurance Cover?

Renter’s insurance provides coverage over your personal belongings which are housed on the rental property. This can include furniture, clothing, jewelry, technology, and anything else that is of value to you. If the rental property experiences a fire, natural disaster, or burglary and your personal belongings are damaged or lost, the insurance policy will reimburse you for your loss. 

Please remember that renter’s insurance is the only insurance product that protects the personal belongings of renters. 

How Much Insurance Do I Need?

The best way to determine the amount of insurance you will need is to sit down with an insurance representative. They will be able to evaluate the value of your belongings so that you can purchase the right amount of coverage. 

If you would like to learn more about our services, please contact us at Will Wright Agency Inc. serving Decatur, AL today.