Renters Insurance Provides Comprehensive Fire Coverage

12/6/2021 (Permalink)

Fire damaged structure in Suwanee, GA.

Renters Insurance Includes Comprehensive Fire Protection

As a renter, you may feel that you don’t need rental insurance. After all, your home isn’t full of valuables. You reason that:

• It’s not your building.
• Your personal belongings aren’t worth much.
• You don’t need another bill.

All this becomes moot when your new landlord points out that your lease requires that you have a rental insurance policy. After hearing that, you purchase one. When the coverage letter arrives, you put it away with your other important papers, unread. You should have read that letter. It’s fascinating what your rental policy covers.

Renters Insurance Protects You From Liability Claims
Even if your negligence caused the fire, your liability coverage is there to help. For example, it covers other tenants who suffer losses and injuries. Coverage also extends to structural damage.

Insurance Pays Temporary Relocation Expenses
Unless it was only a small fire, you would need to move out until the fire restoration process is complete. Your policy will cover the cost of a hotel in or around Suwanee, GA, and other temporary relocation expenses until your home is ready for occupancy.

Most Submitted Claims Include a List Damaged Personal Property
In a fire, personal property can be damaged or destroyed in several ways including:

• Fire
• Smoke
• Water
• Fire suppression chemicals
• Other damage caused while extinguishing the fire

Your renter's insurance policy covers all costs related to fire damage. Reimbursement of the replacement cost is the norm, not the exception. If a fire destroys your three-month-old television, the insurance company will replace it. You won’t receive a lesser amount and be responsible for the difference.

Put the Fire Behind You as Quickly as Possible
After the fire, you will want to minimize your inconvenience by completing the fire restoration quickly. A team of local fire damage mitigation specialists can help you get out of the hotel and back into your home quickly. Just remember that it’s renters insurance that makes this all possible.