![]() ![]() But, what about a covered event, like a fire, happens and you can't return home.Ġ1:21 - 01:27 VO: Thats where additional living expenses helps pay for things like a temporary place to live, food and pet boarding.Ġ1:29 - 01:42 VO: And, remember each covered type has a limit which is the maximum amount insurance companies will pay toward a claim. Or, if you accidentally damage someone else's property, it can help pay to fix it. Like if you are held legally responsible for a guest getting injured at your place, it may covered their medical bills. And, if you selected a lower deductible, it will help you lower your out-of-pocket costs in case of a claim.Ġ0:59 - 01:19 VO: Now, let's go over liability protection which helps if you are responsible for injury or property damage. And, it is important to note, that if you selected a higher deductible, it will help lower your premium. Yup, if someone takes your bike from a park or your luggage on vacation, your renters policy will work here too.Ġ0:43 - 00:58 VO: Just keep in mind, when you have a covered claim, you might have to pay the deductible before your coverage kicks in. It even helps cover items stolen outside your rental property. SUPER: personal property, liability and additional living expensesĠ0:11 - 00:20 VO: Renters insurance typically includes three types of coverage: Personal property, liability and additional living expenses.Ġ0:21 - 00:42 VO: The first helps pay to replace your belongings if they are stolen or damage by a covered risk including vandalism, fire, smoke, or water damage like a pipe burst. So let's make sure your self and your belongings are protected. Watch this video about renters insurance to learn more about what’s included in a renters policy, such as property coverage, guest medical coverage, family liability coverage, and additional living expenses.Ġ0:03 - 00:10 VO: If you're renting an apartment, or a house, you don't have to own it to call it home. What if a fire in your home caused your house to be uninhabitable? This coverage may include payments for the cost of hotel, food and other expenses. You may be found negligent and, therefore, be legally responsible to pay for the injured person's medical bill and lost wages.Īdditional living expenses helps reimburse you for reasonable costs of staying somewhere else after a covered loss renders your home uninhabitable. Let's say a guest in your residence trips over the rug in your living room and it causes him to fall. Guest medical protection can help pay medical expenses for someone injured in an accident at your house. What if you are over at a friend's house and accidentally sit on their brand-new drone, breaking the camera lens? This coverage could help you pay for the repair. If a candle falls in your bedroom and starts a fire which damages your bed and clothes, your renters insurance can help you repair or replace what got damaged.įamily liability protection can help protect you from financial loss if you're legally obligated to pay for another person's injuries or damage to another person's property.If your laptop was stolen from the coffee shop when you went to get a refill, your renters insurance can help you replace it.Personal property protection covers the loss of your belongings if they're stolen or damaged both inside and outside of your home. There are typically four different types of renters insurance coverages included in an Allstate policy: personal property, liability, guest medical and additional living expenses. Helps cover vet bills if your dog bites another dog or legal bills if you’re sued for an injury at your place.Protects against theft, either at home or elsewhere.Covers electronics, clothes, bikes and more.Renters insurance, also known as tenant insurance, protects you and your stuff. ![]()
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