Renters Insurance

If you are a tenant, you should consider getting a renters insurance policy. Similar to owned property, leased homes, apartments and dwellings—as well as the contents within them—are vulnerable to unforeseen incidents. What’s more, the cost of recovery from such incidents can be expensive. Renters insurance can limit out-of-pocket expenses following covered incidents. 

What Renters Insurance Covers 

Renters insurance differs between tenants and their unique circumstances, but a standard policy typically includes three primary forms of coverage: 

• Personal property insurance—This coverage can help pay for costs stemming from items inside your rented space being damaged or stolen.
• Liability insurance—If someone gets injured inside the space you’re renting or you are held responsible for damaging their property, this coverage may help pay the resulting expenses.
• Additional living expense insurance—This coverage can help pay for temporary living arrangements if you cannot live in the space you’re renting because it was damaged.  

Contact Schaffner Insurance Agency more information on customizing your renters insurance policy. 

Do I Need Renters Insurance? 

Renters insurance generally isn’t mandatory, but your landlord might require you to carry such coverage. Regardless of landlord requirements, having renters insurance can provide much-needed financial assistance following covered incidents.  

How Much Does Renters Insurance Cost? 

Renters insurance costs can differ significantly among tenants. Factors such as location and claims history can influence policy premiums. Learn more about the price of renters insurance by contacting the agents at Schaffner Insurance Agency. 

Learn More 

If you are looking for renters insurance in or near Tewksbury, Massachusetts, the experienced agents at Schaffner Insurance Agency can help you secure proper coverage. 

Contact our agency today at 978-851-2727 to learn more. 

If you rent an apartment or house you need insurance to protect your belongings. While your landlord might have insurance, it only protects the building. Your belongings are not covered under those policies.