FAQs about renters insurance

Protecting everything that you have is important. You may not realize just how devastating it would be to lose everything you own. At Dobbs & Braddock Inc in Atlus, OK,  we do realize and want to make sure that you understand how important renters insurance is to your financial security. As independent agents, we have more choices to offer and can get the best deals as well. 

Renters Insurance FAQs

Doesn’t my landlord have insurance that covers me?

No, your landlord has insurance that covers their property, not your property. If you don’t have your own renters policy and your rental is destroyed, you will lose everything. Imagine losing all your clothes, your furniture, and your electronics. It would be devastating, not to mention expensive. 

Does renters insurance have exclusions?

Yes, like most other types of insurance, renters insurance does have exclusions. It will not cover you for damage that results from flooding. It will not cover for damage due to an earthquake or sinkhole. If you own a dog that is on the list of excluded breeds, you will not be covered for liability. 

What coverage does renters insurance provide?

Renters’ insurance typically provides three types of coverage. Content, liability, and loss of use.

  • Content coverage will provide a certain amount to replace the personal items you had in your rental. You can choose the current value or replacement cost for how you will be reimbursed. It also covers your property when you travel with it. 
  • Liability protects you from the results of getting sued or having someone get injured while visiting your rental. It also covers legal fees. 
  • Loss of use will help to pay for a place to stay if your rental is damaged so badly it is not habitable. 

Give  Us A Call

Contact Dobbs & Braddock Inc in Atlus, OK to learn more about the benefits renters insurance provides. 

Renters Insurance Overview

Dobbs & Braddock Inc serves the Atlus, OK community, as well as the surrounding areas. For over 50 years, we have helped our clients find policies to protect themselves in any situation. We offer custom policies so that you will be able to protect all of your assets. Providing excellent customer service is important to us. We look forward to serving you.

Renters Insurance Overview

Moving into a new rental property in Atlus, OK can be exciting. However, you also have to be aware of potential risks. While your landlord is responsible for the physical structure of the unit, your personal items are not covered. Consider the importance of renters insurance. Renters insurance protects your personal items if they are stolen or damaged. Take inventory of your personal items inside the unit. That way, you will have a clear idea of their value. If you have any luxury items at the unit, you will need extra coverage in order to protect those items if they are stolen or vandalized.

Liability coverage is also an asset. You are protected if you cause damage to another unit. Perhaps you start an accidental fire and it spreads. You are also covered if you invite guests over, and they suffer an injury or damage to your neighbor’s property. If the rental property suffers extensive damage, you can rely on alternative living coverage. Alternative living coverage protects you as you look for somewhere else to stay until your rental property is repaired. When you are moving into the unit, look at the unit’s security system. This can help reduce the chances of you being a victim of theft.

Dobbs & Braddock Inc Will Help You Protect Your Assets

Visit our website to learn more information about renters insurance.