Renters Insurance
Total security for your rental
Renters insurance is a contract between a tenant and an insurance company, with the purpose of providing financial protection in the event of loss or damage to the tenant's property and assets, as well as civil liability for injuries or damage to third parties within the leased property. It is essential for anyone renting a home, as it complements the building owner's protection, which generally does not cover the tenant's personal property or personal liability.
The main coverages include:
Personal property
- Covers the tenant's personal property, such as furniture, clothing, appliances, and electronic devices, in the event of theft, fire, vandalism, water damage, or other covered events.
Civil liability
- Covers legal expenses and compensation for injuries or damage to property of third parties caused by the tenant or guests within the rented property. This includes domestic accidents or accidental damage to the owner's property.
Medical payments
- Covers an amount of coverage for limited medical expenses if a guest is injured on the rental property.
Loss of use
- Covers housing and other living expenses if the home is uninhabitable due to covered damage.
Additional living expenses
- Covers additional expenses for temporary lodging, food, and other living expenses while the rental property is being repaired or rebuilt.
Jewelry, watches, furs, and computers
- Covers additional protection for certain types of personal belongings that may have a high value and may not be fully covered under standard personal property coverage. It is important to verify the exact terms of coverage and limits, as they may vary between insurance companies and individual policies. It is advisable to maintain a detailed inventory and adequate documentation to facilitate the claim process.
*It is important to keep in mind that the terms and conditions of the insurance companies may vary for each coverage. Therefore, it is essential to review carefully to fully understand the extension and any exclusions that may apply.
