Renter’s insurance differs from homeowner’s insurance in that it does not include coverage for the structure of the building. However, it provides most of the benefits one is familiar with in homeowner’s insurance. These benefits protect the renter and his or her belongings. Though not all policies are the same, the general coverage is that of personal property, personal liability, medical payments, property damage to others, and any additional living expenses. Personal property coverage allows one to replace ones belongings if the incident is covered, like a fire or burglary. Personal liability helps cover the legal costs if the renter is sued by one who was injured in the apartment or elsewhere. In some cases, this insurance can cover medical payments if a guest is injured on the renter’s property. If the renter accidentally breaks another’s property, renter’s insurance can cover it. Additional living expenses are often granted when the apartment or home is damaged or unlivable.
Farnham Insurance Agency provides Renter’s insurance in Camp Hill, PA along with auto insurance, life insurance, and business insurance. This agency provides free quotes without an obligation to purchase for any qualifying persons in the state of Pennsylvania. The agents will work with prospective clients to adopt a plan for Renter’s Insurance in Camp Hill, PA. Other additional coverage options for renters include that of replacement cost, sewer backup, earthquake, and insurance riders. Replacement cost coverage replaces stolen goods at the current market value instead of the actual cash value (ACV) which accounts for depreciation of goods. Sewer backup coverages protects renters from any valuable losses.
Earthquake coverage is only available in some states and is particularly useful if one’s home is on a fault line. Insurance riders allow one to protect prized possessions like rare coins, expensive watches, furs, or jewelry. All disasters like fire, windstorms, hail, explosions, vandalism, freezing, or falling objects are covered by a Renter’s insurance policy. Most policies do not cover damages caused by floods but water damage, say from a bursting pipe, is covered. Managing policies with Farnham is easy to do if one moves to a new location but only in Pennsylvania.
