Renters Insurance
Why do you choose to rent? Maybe you just moved to a new city and want to get a sense of the neighborhood before making a purchase. You might like the convenience of letting a landlord handle anything that goes wrong. Perhaps it’s the most cost-effective way to live near the city center.
Whatever your reason for renting, you may need coverage to help you protect your personal possessions and assets. Your Pace Insurance and Financial Services agent can help you understand your insurance options so you can choose the coverage you want.
Here are a few risks renters may face — and how renters coverage may help:
A candle starts a fire
Risk:
You’ve lit several candles — which unintentionally start a small fire.
Coverage:
Property coverage under your renters policy may help if personal property like a sofa and a bookcase are damaged by fire.
You’re sued by a Neighbor
Risk:
On an especially gusty day, strong winds push a small potted plant off your balcony and onto a neighbor who is passing below. He is seriously bruised, and decides to sue.
Coverage:
Liability coverage may help if you’re responsible for an injury to someone outside your household.
A guest is injured
Risk:
You’re hosting a small cocktail party when a guest trips on frayed carpet in the hallway. His injury isn’t severe — but his arm does require medical attention.
Coverage:
Medical payments coverage may help if a guest is injured on your premises.
You have to relocate temporarily
Risk:
When a washer hose bursts and floods your apartment, you must move out while your landlord makes repairs.
Coverage:
Additional living expenses coverage may help with the extra costs of housing and food if you’re forced to move out for temporary repairs to your residence.
