Three Reasons You Need Renter’s Insurance

When you rent a home, you need to be well-protected by renter’s insurance. There are many types of coverage that are included in these policies.

When you rent and need to be covered, you can call us at Dobbs & Braddock Inc. in Atlus, OK. 

Three Reasons You Need Renter’s Insurance

It Covers Your Belongings

One of the main things that comes in your renter’s policy is coverage for your belongings in your home. You don’t need insurance that covers the dwelling, but you do need coverage for all of your possessions. If something serious were to happen that damaged the items in your home, this coverage can pay for you to get it all replaced. It can be highly expensive to replace everything on your own, so every renter needs a renter’s policy for this coverage. 

It Covers Your Liability

If someone were injured in your home, you would likely be liable for all of the bills that they have as a result of those injuries. This can include medical bills, ongoing therapy, and more. When you aren’t covered, all of those bills are paid from your own pocket. With renter’s insurance, the policy can pay those bills and protect you from the financial problems that could come from paying them on your own. 

It Protects Your Lifestyle

If a damaging occurrence causes a lot of damage to your rental home, it could seriously affect your standard of living. If your home becomes uninhabitable, your renter’s insurance could pay for you to stay somewhere else where you keep your standard of living while the repairs are being made. This isn’t coverage that many people think about, but it’s great to have it if you need it. 

Get Renter’s Insurance Today

When you rent and need an insurance policy, call us at Dobbs & Braddock Inc. in Atlus, OK. 

Three things to do before you buy renters insurance

Consumers should weigh their options carefully before they buy a renters insurance policy. There are a few important steps you should go through before you buy an insurance policy in Atlus, OK. We can help you find the right renters’ insurance policy at Dobbs & Braddock Inc.

The following are three things that you should do before you buy renters insurance:

Understand what renters insurance covers.

Your first step should be to do some research and make sure you understand exactly what renters insurance covers.

A renters insurance policy covers you for liability expenses. Renters insurance can also cover your belongings within your rental unit. However, renters insurance will not provide coverage for damage caused by floods. 

Get a few quotes from different providers.

Once you have a general understanding of how renters insurance works, you should find insurance providers in your area who offer this type of coverage. You can then contact insurance providers you’re interested in buying a policy from so that you can get quotes from them. 

Carefully evaluate your options and choose a policy offering good value.

Evaluating quotes carefully and comparing them is an important step in choosing the insurance coverage that’s right for your needs. 

While the price of different quotes you receive is an important consideration, you should also take the time to carefully consider other considerations like the customer service that different insurance providers offer. Select a policy that you can rely on for quality coverage if you ever need to file a claim. 

Are you ready to buy renters insurance in Atlus, OK?

Dobbs & Braddock Inc is here to provide you with the information you need to be adequately insured as a renter. Call us for a quote on a policy. 

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.