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Seattle: Understand The Importance of Renters Insurance

Renters Insurance Policies Help Protect More Than Just Your Personal Items

If you’re like 2 out of every 3 renters who rent a home, apartment or other dwelling, you don’t carry a renters insurance policy. The reason for not carrying renters insurance varies, but it is important to understand that your landlord is not responsible for your personal belongings if they are damaged, stolen or otherwise. You alone are responsible for your things, so protecting them with a renters insurance policy is important.

When you’re ready to speak to an agent, consider the following:

  1. Cost: Renter’s insurance is typically very inexpensive, usually not costing more than just $1 per day! Think about it, if you buy a coffee in the morning, that is about 2-3 times as much as getting a renters insurance policy.
  2. What’s covered: Renters insurance will typically cover your clothes, furniture, electronics, bicycles and jewelry, but only up to what your policy limits say. You have a choice to add additional coverage to cover certain items that may exceed your policy limits such as furs, art and jewelry.
  3. What loss types are covered? Typically, your renters insurance will cover your items due to fire, theft, smoke and water damage if your home has a water leak (talk to an agent about flood specifically as this coverage varies). A renters policy can also cover your items while your away. Say you ride your bike to a park and it gets stolen there. Renters insurance will typically cover that loss.
  4. Injuries: Another reason renters insurance is great is that it provides you with liability protection if you’re found to be liable for injuries to someone who is at your home.
  5. Roommates: Many people have roommates who live with them. If you want an insurance policy to cover your roommate you must get your insurance company to list them on the insurance policy. It is always a good idea to have your roommates listed on the policy. It helps protect your household – not just either party.
  6. Dogs: If you have a dog in the house, be sure to tell your agent.

Understanding insurance can be difficult, but simply going without it shouldn’t be an option. If you have additional questions about Renters insurance, contact your insurance agent to discuss your options. It is even possible that you’d get a discount for bundling your policies.

Filer Insurance has been providing Washingtonians with great coverage and affordable pricing for their insurance for auto, home and businesses for over sixty years. We provide financial security and insurance protection to consumers and businesses throughout the Northwest. Our office locations are in Seattle, Ballard, Monroe and Arlington, and you can easily reach us by telephone or email. Because we’re an independent insurance agency, we offer insurance from the top insurance companies in Washington State.