When you are renting a house or an apartment it is important to protect yourself and your personal property. Here's what's included in a Tenant Insurance Package:
- All Risk Contents Coverage: Will protect your personal property from everything unless it is specifically excluded under exclusions on your policy.
- Additional Living Expenses: Covers your necessary expenses such as hotel and food costs if you temporarily have to leave your home do to a claim. Example would be if you had a house or apartment fire and the residence was not fit to live in while being repaired.
- Personal Liability: Protects you from having to pay for damages to other people if you have been found negligent for unintentionally injuring them or damaging their personal property. This coverage is the most important coverage to have as we are seeing law suits in the millions. Plus this coverage will protect you anywhere in the world so if you are away on holidays and you accidently injure someone on the golf course you will be protected.
- Voluntary Medical Expenses: Covers you if someone accidentally injures themselves on your property. It also covers injuries to resident employees, such as nannies or housekeepers while employed by you. Some limits may apply and vary from company to company.
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Here are some reasons to help you understand why.