1000 Beltline Rd SW, Suite J
Decatur, AL 35601
Renters insurance protects Alabama residents from all weather challenges and liability issues that come through the area. Thus, it's more important to speak with a representative from Will Wright Agency Inc. about the different types of renter’s insurance available today. It's a policy that protects your family and belongings for the future, but also can provide coverage for the present.
A basic renters insurance policy protects your belongings in case of fire, theft, or damage. Some apartment dwellers will add liability coverage for damage caused by negligence. Your policy will be dependent upon the size and location of your apartment or home.
It's important to make sure your valuables are covered because it's not required for your landlord to have property insurance by Alabama state law. That's why it's mandatory to read your lease before signing any agreement. Unfortunately, most renter’s insurance policies do not cover damage caused by flooding. Like most home owners, an apartment renter will have to purchase flood insurance separately, but if this isn't an option, you're covered if damage has been done to your personal property by a water leak inside the apartment.
The landlord or owner of the apartment building could require all tenants to have renters insurance as a stipulation of the lease agreement. Under Alabama state law, all landlords must disclose specific information to a prospective tenant in a rental or lease agreement. It will state the amount of the security deposit and it will be returned after the tenant has left the apartment if the tenant is required to have renter’s insurance. The benefits of this action are for the building owner to have some of the liability coverage if an individual is injured on the premises. Also, they're protected from possible damage that occurs from items owned by their tenant, such as a waterbed.
Contact our offices in Decatur, AL to speak with an agent at Will Wright Agency Inc. about the renter's insurance options available and to get a quote.