Orlando, Fla.—When you live in a multi-family building, or apartment complex nothing comes as uneasy as a call that your unit was affected by fire, activated indoor safety sprinklers, or broken pipes in the unit above yours. These type of emergencies happen, and you even probably know someone who has gone through it. Be sure to get protected against the unexpected with renters insurance.
Renters insurance covers what you own, because your landlord’s coverage takes case of damages to the building.
This type of insurance also comes with different features. Liability protects you in the event someone incurs an injury when they’re in your apartment and decides to sue you for damages. On many policies, it may include a provision that provides up to $1,000 for medical payments to those affected by the claim.
Typically, renters insurance would cover the following impacts:
Accidents
Impacts from vehicle, falling objects that hit your property, fire, smoke, water damage from plumbing or appliances
Weather impacts
Lightning, windstorms, hail, and water damage from freezing of plumbing systems.
Malicious mischief
Vandalism, theft, riots or civil commotion, aircraft and vehicle damage
Loss of use
When your home is uninhabitable from a covered loss, this coverage provides additional living expenses for the shortest time needed to repair (or replace) the premises, or for the people in your household to settle in another home for up to 24 months.
There are two types of renters insurance that affect the amount you receive Replacement, and Actual Cash Value. With actual cash value, you’ll receive reimbursement for the fair market value of the items damaged at the time of the loss. On the other hand, replacement cost coverage provides the money to replace the items damaged or stolen.
Special coverage limits apply to certain types of personal property, including:
- Boats and other watercraft equipment.
- Money, bank notes, and coins (including collections).
- Property used or intended for use in a business.
- Securities, checks, travelers checks, gift cards, phone cards.
- Stamps, trading cards, and comic books (including collections).
- Theft losses of jewelry, furs, firearms, silverware and goldware, rugs, tapestries, and wall hangings.
If you’re a Florida resident, especially if you live near coastal areas, you must make sure to have enough coverage for contents. You should also double-check with your insurance agent to be certain that hurricanes are covered under their policy, and what the deductible is.
If you need more information about how to protect other investments, your experienced local agents at Orlando Insurance Center are here to help. You will be presented with options from multiple insurance companies, and be able to compare rates as well as coverage to then determine your path to provide the best protection for you and your family. We can help you save in the purchase of insurance bundles! Give us a call today at (407) 680-1214— for an initial consultation and quotes from among 20 different insurance carriers who support us!
If any of these emergencies happen to you, would you be able to replace all your clothing, electronics, furniture and any other items you might have loss?
Yolegnys Solano, 2-15 Agent
LINCENSED AGENT
SALES AND SUPPORT
"Email me" <yolegnys [at] buscandoseguro [dot] com>