Why You Need Liability Coverage in Your Renter’s Insurance

Posted on October 21, 2024October 14, 2024 by admin

If you’re a renter, you’re likely required to have renter’s insurance. Virtually all landlords require it, and sometimes, the area you live in also requires it. This type of policy comes with several different kinds of coverage. Each of these gives you protection in a different way. Renter’s insurance is well-known for providing coverage against damage to your belongings, but there are other types of coverage in these policies. There’s no time to wait if you don’t have renter’s insurance yet. Give us a call now at TruePoint Insurance in Pooler, GA.

Accidents in Your Home

The home you rent is home to your household, but other people will come to visit as well. When someone from outside your household is there and has an accident, you could be liable for all the following bills. When there’s an accident at home, there can be a lot of different bills that are due, and as the renter, you’d be responsible for all of them. The landlord wouldn’t be responsible for these bills since you are renting the home and have taken on responsibility for what goes on there.

Bills From Accidents

When someone does have an accident in your home, the medical bills would be left to you if you didn’t have renter’s insurance. But that’s not the end of the bills. You may also have to pay for their lost wages during their recovery. In addition, they may have legal costs that you’d have to pay for. If they need any ongoing therapies, you’d have to pay for that, too. Never go without this insurance to have a policy to pay these bills.

Get Renter’s Insurance in Georgia

To get started, call us at TruePoint Insurance in Pooler, GA.

Why every renter should have renters insurance

Posted on June 23, 2023June 23, 2023 by admin

Renters insurance protects renters from some of the many hazards just waiting to happen. If you think that your landlord or management company has insurance that protects you, you are mistaken. They do have insurance, but it is to protect their property, not yours. At TruePoint Insurance in Savannah, GA, we offer our customers more choices and excellent customer service.

Personal property

Renters insurance protects your personal property. That includes all your clothing and personal items. Furniture, electronics, jewelry, decor, and more. It protects your property when it is at home and when you take it away from home when you travel. If you don’t have this coverage and your rental is damaged, you could have to replace everything you own simultaneously. Imagine not even having a toothbrush or underwear. Just having to replace your Christmas decorations is a major expense.

Liability coverage

Liability insurance covers you if you get sued, and there is a judgment against you. No one likes to imagine being sued, but it does happen frequently. It could be someone getting injured at your rental or someone having their property damaged by a member of your family. This even applies to your four-legged family members. Not only will liability coverage take care of a judgment, but it can help with legal expenses.

Loss of use

When a covered peril damages your rental, things like fire or a tornado, you may not be able to stay there until things are repaired. If you have renters insurance with loss of use coverage, it will pay for you to stay in a hotel and for some meals if you can’t cook.

In Savannah, GA, at TruePoint Insurance, we are independent insurance agents who work to provide our customers with the best renters’ insurance for their needs.

Renters Insurance Tips to Keep You And Your Property Safe

Posted on July 31, 2022August 1, 2022 by admin

Renters insurance is one of the most important things you can buy to protect yourself and your belongings. Despite this, many renters go without it because they don’t understand its importance or think it’s too expensive. This blog post will discuss some essential renter insurance tips to keep you and your property safe!

Make Sure You Understand What Your Policy Covers

One of the most important things when shopping for renters insurance is to ensure you understand exactly what your policy covers. There are many different coverage options, and choosing the one that best suits your needs is essential.

For example, some policies will cover your belongings in the event of a fire, while others will only cover them if stolen. Make sure you understand these two types of coverage before you make your final decision.

Shop Around for the Best Rates

Just like with any other type of insurance, it’s essential to shop around for the best rates for renters insurance. There are a lot of different insurers out there, and they all have different rates. Don’t just go with the first company you find. Take some time to compare rates from different insurers to ensure you’re getting the best deal from a professional insurer such as TruePoint Insurance. Savannah, GA, is a great place to live, but it’s important to protect yourself and your belongings with renters insurance.

Conclusion

Renters insurance is an essential type of insurance to have, but many renters either don’t understand the importance of it or think that it’s too expensive. In this blog post, we’ve discussed some essential tips to keep in mind when shopping for renters insurance. If you’re a renter in Savannah, GA, contact TruePoint Insurance to get a quote. We can help you find the best policy for your needs and budget.

Is renters insurance a necessity?

Posted on July 12, 2021June 30, 2021 by admin

If you are renting an apartment in Savannah, GA you will need an outstanding insurance policy to safeguard your possessions. Landlords insurance property insurance protects the building itself, whether an apartment or a house. Your belongings and certain liabilities are covered only through a renter’s insurance policy that you have to scout and pay for. Regrettably, few tenants procure renters coverage with a notion that their landlord’s policy covers them. Connect with our agents at Truepoint Insurance, and they are ready to explain the following benefits of renters insurance you accrue as a tenant.

It covers losses to personal property.

A salient renters insurance policy covers against losses to your personal belongings such as clothes, jewelry, computers, furniture, and electronics. Even if, as a tenant, you don’t possess much, it can quickly accrue to a lot more than you realize. Renter’s coverages protect your personal property against imminent perils like:

Explosion
Falling objects
Fire or lightning
Smoke
Theft
Vandalism or malicious mischief

Provides liability coverage

Liability coverage protects someone if they are injured while on your premises or if you or another covered party injures someone else. It also pays any court judgments inclusive of legal fees up to your policy limit.

Provides coverage for additional living expenses

If your rented apartment gets uninhabitable in Savannah GA as a result of covered perils, your renter’s insurance coverage will cater to additional expenses like hotel bills and food costs.

Your landlord may require it.

It’s prudent to be aware that your landlord’s insurance caters to the structure itself devoid of your belongings. A sizeable number of landlords in Savannah GA might require tenants to procure their renter’s insurance coverages. They will expect to see a proof before allowing you to rent or occupy their building.

When selecting a formidable renters insurance, ensure to choose an insurance company that satisfies your needs or budget. Get In touch with us at Truepoint insurance in Savannah, GA for comprehensive information about renter’s insurance.

Lesser Known Benefits of Renters’ Insurance

Posted on July 31, 2019July 31, 2019 by admin

Most people know that renters insurance covers damage to your belongings in a rented house. For example, if the home catches on fire, the insurance policy pays to replace items that are damaged or destroyed. But there are many other benefits associated with renters insurance that you may not be aware of. Here at TruePoint Insurance, serving the Fisherville, KY area, we want you to know all that renters’ insurance can offer you. Here are three of the lesser-known benefits of renters insurance.

Pays Living Expenses After a Disaster

One of the benefits of renters’ insurance is that it pays for any extra living expenses you may incur following a disaster. If your rental home floods, you may be unable to live there until it is cleaned up. Renters’ insurance will pay the difference between your rent and the cost of other living arrangements, such as a hotel.

Covers Certain Legal Expenses From Being Sued

If someone is injured while visiting the condo, home, apartment or townhome you are renting, they may try to sue you. One of the lesser-known benefits associated with renters’ insurance is that the insurance will cover your legal expenses in these types of lawsuits.

May Cover Damage You Accidentally Cause

The final benefit associated with renters’ insurance is that the policy may cover some types of accidental damage you cause to the rental property. Perhaps you accidentally start a small kitchen fire while cooking or hit the garage door while pulling into the driveway. Renters insurance covers the damage, protecting you against the homeowner coming after you for the money.

Are you ready to purchase a renters’ insurance policy in Fisherville, KY? Here at TruePoint Insurance, we would love to help you. Call us today for a no-obligation quote.

Definition: Renters Insurance

Posted on April 29, 2019June 1, 2019 by Brad Smith

Renter's Insurance protects your personal property and comes with a bonus: It may generate a serious savings on your auto insurance policy.

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Renters Insurance provides personal property coverages for individuals. Also referred to as a tenant’s policy. It protects personal property; excluding buildings, such as homes, dwellings or other structures.

A tenant’s insurance policy is similar in many ways to a Homeowner’s Policy. The most significant difference is that there is no building coverage. The coverages provided by the Renters’ Insurance policy include:

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Personal Property coverages often start with a minimum limit of $25,000. But raising this limit to meet the insured’s requirements is seldom a problem.

Liability coverages start around $100,000, with both lower and higher limits available. The coverage provides financial protection to the insured. It protects against accidents causing bodily injury and is a result of actions of the insured. The policy protects not only the insured, but others in the household, and in some cases pets.

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Temporary Housing is another benefit provided by this policy. It provides coverage should damage from a covered cause of loss force you to vacate. Included in the renter’s policy is a loss of use benefit which provides tenant’s short term housing in the event of damage to their apartment.

Additional Coverages Available coverages can be added by endorsement that provides unique protection. One of the more common occurrences is when jewelry limits are too low. Increasing the limits on jewelry, or most other collectibles is seldom a problem. The same is true for boats, personal watercraft, ATV’s and many other personal belongs.

What dictates which losses will be covered under a Property and Casualty insurance policy? The Covered Causes of Loss. Obviously, having a clear understanding of what damages will be covered is essential. Covered Causes of Losses are standard list or forms.

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The Covered Causes of Loss for all policies comes in one of the three forms listed below:

1. Basic fire, lightning, explosion, smoke, windstorm, hail, riot, civil uprising, aircraft, vehicles, vandalism, leakage from sprinklers, sinkhole, and volcanic activity

2. Broad in addition to Causes of Loss covered by the basic form falling objects, the weight of snow, ice or sleet, water leakage from appliances, and collapse from specified causes

3. Special is Also known as the all risk coverage, as this form covers all risk unless they are specifically excluded.

Today most landlords require tenants to have a renter’s policy. If you are confronted with the requirement, don’t view it as an excessive demand. Even though a renters’ insurance policy coverages are similar to a homeowner’s, they are significantly cheaper.

Many insurance companies provide a discount on auto policies to anyone that as a package policy. In most cases, the addition of a renter’s policy creates the package policy. At this point, the cost is insignificant. It is almost as if the insurance company is paying you to buy the renter’s policy. If you have a good insurance and driving history, you should definitely look into a renter’s policy. Even if you don’t give us a call. You never know.

Who buys renters insurance, the tenant or the landlord?

Posted on August 31, 2018April 29, 2019 by admin

“Who buys renters insurance? The tenant or the landlord?” is easy to answer: The Tenant.

If you want renter’s insurance, you’ll need to contact TruePoint Insurance in Fisherville, KY to get a quote because it’s unlikely that your landlord is going to cover your personal property for you.

Do you need renter’s insurance?

The short answer is: It depends on what you want to be covered. You might not have much going on in your apartment. If it’s a small studio and most of your stuff is in storage or back at mom and dad’s house, what do you need renter’s insurance for? You might not want to bother getting an air mattress and a TV covered if this is just a temporary place.

But before you say no it’s important to consider the liability risk. Lots of things can happen that could expose you to a lawsuit. You have friends over and one gets hurt. You may think your friends aren’t going to sue you. I hear you, they may not. What happens if your friend brings a friend and they get hurt. Different ballgame. What happens if your negligence leads to fire, you give tricker treaters some bad candy; things can get pretty ugly pretty fast and with the general liability protection included with your renter’s policy you are on your own. No money to pay claims and no one to help defend you.

But you might not have a choice

It used to be that rental properties were something of a renter’s market. You could always go somewhere else with your hard earned money. Now, landlords know that renters are desperate. Many landlords may require tenants to have renter’s insurance. It might not be fair to tenants, but that’s capitalism for you. When you have something scarce, you tend to leverage it for whatever you can get, and renters insurance takes some of the pressure off of landlords.

But that doesn’t have to be such a bad thing. TruePoint Insurance can set you up with a solid insurance package at a reasonable price so that you can cover your belongings in your apartment without breaking the bank. Whether you want to stay protected or renters insurance is part of the lease agreement, it doesn’t have to be unreasonably expensive. Contact the agents of TruePoint Insurance in Fisherville, KY for additional information related to renter’s insurance. If you are ready to get started on a quote let TruePoint show how to further reduce your cost. We do this by packaging your auto and renter’s policy which reduces the cost on both. Give us a call at 502-410-5059.

Fireworks Accidents – Part 2

Posted on June 29, 2018July 16, 2018 by Brad Smith

Fireworks are dandy, but at what point will your homeowners insurance pay

In part one we discussed that a homeowners policy may be available to handle losses involving fireworks. However, this is not

always the case as there are instances where your homeowner policy does not offer coverage.

Legal Issue

If it’s illegal for you to set off fireworks, this legal hurdle could result in any loss being excluded by the policy.

Be prepared to be uninsured if you don't know your do's and don'ts about fireworks

Business Issue

A homeowners policy is meant to handle losses related to owning and living in a home, there’s no coverage for a person who uses their home for making, selling, storing or distributing fireworks. Any business activity involving fireworks is going to cause a big problem if a loss occurs.

Who Is Injured Issue

Injuries to yourself or others in your household are not covered because Medical Payments and Liability coverage is designed to handle loss suffered by persons outside of your household.

Intentional Loss Issue

If an injury or damage to property is not an accident, there’s no coverage. Tossing a firecracker or aiming a bottle rocket at another person could be considered deliberate, even when no injury was intended. Deliberate acts and their consequences are commonly excluded by homeowners policies.

So when dealing with fireworks, make sure they’re legal, that they’re used carefully and only for entertainment. Then your chances are good that any loss may also be covered.

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Think you don’t need renter’s insurance. Maybe you should reconsider.

Posted on April 26, 2018July 16, 2018 by Brad Smith

Insurance agent’s sell renters insurance based on cost. It’s easier that way, as the cost for renter’s coverage is insignificant when packaged with an existing auto policy.

But cost is not the real story. Property coverages are great, but the exposure that concerns me the most is liability.

Let’s say you have $25,000 worth of personal property. If you get a renters policy and it’s covered, great. If you have fire and all the property is lost your renters policy will pay. If you don’t then you lose $25,000. With or without a renter’s policy you know what your exposure is.

But what will happen you invite your neighbor over for coffee….. We all know the McDonald’s coffee story. If you don’t have a renter’s policy, you will be the one on the hook. With a renter’s policy, your exposure should be covered or at least significantly mitigated.

Will attorney’s fees be covered in the event of a frivolous lawsuit? Most likely!

The bottom-line is simple. When we know the cost of a potential loss, we can better evaluate the risk-reward. Liability exposures are much more difficult to evaluate and there is no reasonable way to discern the value of an insurance policy. We live in one of the most litigious countries in the world. Don’t underestimate the value of the renter’s liability coverage. More importantly, don’t pass on a renter’s policy based on the fact that you are willing to underwrite your own property risk. By doing that you are underwriting your liability exposure too.

TruePoint Insurance offers many great options that allow renters to protective themselves from both property and liability exposures. Call us today at (502) 410-5089, or visit our website and try out our Instant Online Rater where you can access real insurance quotes in real-time whenever or where you like.

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