Renters Insurance in Logansport, IN
Renters insurance can help with the cost of replacing your belongings if they are damaged or stolen while you’re living in a rental. Without coverage, you may need to pay out of pocket after a loss.
What Does Renters Insurance Cover?
A typical renters insurance policy may include the following:
- Personal property coverage may cover your belongings, such as furniture, electronics, and clothing, if they’re damaged or stolen.
- Liability coverage may help if someone is injured in your rental or if you accidentally cause damage to someone else’s property.
- Additional living expenses coverage may pay for temporary housing and extra costs if your rental becomes uninhabitable due to a covered loss.
However, standard policies may not cover:
- Damage caused by floods or earthquakes, since coverage for these events typically requires purchasing separate, specialized insurance policies.
- Personal belongings owned by roommates may not be covered unless those items are specifically listed and covered under your policy.
- High-value items, such as jewelry or electronics, that exceed the standard coverage limits unless you have added extra coverage or a rider to your policy.
- Business equipment or inventory that is used for work purposes, as these items are generally not covered under a standard renters or homeowners policy.
Who Needs This Policy?
Renters insurance can be helpful for anyone leasing a home or apartment in Indiana. Some landlords require it, but even if yours doesn’t, having coverage may help you manage unexpected costs while renting.
How Much Does It Cost?
Insurance costs and coverage may differ based on several factors, such as:
- The value of your belongings
- The amount of liability protection you select
- Where you live and local risks
- Optional add-ons for specific items
Our Team Can Help
Contact Leicht Insurance today to discuss your needs and get a free custom quote.