If you are renting a home in Palm Beach, you will need renters insurance to protect your personal property in case there is a fire or your home is burglarized and your belongings are stolen. More often than not, the insurance policy of the landlord or the building owner only covers the building itself, not the tenants. Having Palm Beach renters insurance helps protect your finances in case you are found responsible for damages caused to the rental property.
Renters Insurance Is Affordable
Basic renters insurance protection is available at low prices and typically covers the following:
- Personal property
- Loss of use
- Additional coverage to others, such as medical payments or property replacement
The amount of insurance coverage you need depends on the value of your items. Having coverage keeps you from being held legally responsible for injuries to others or damages to other people’s property that happen in your rented home. Liability coverage provides protection for damage caused by negligence, which is important if you forget to turn off a stove and cause a fire or leave a faucet on and water floods into another apartment. If you are found at fault, you will need your Palm Beach renters insurance to pay for repairs, medical bills if anyone is injured, and lawsuit defense costs.