Renters Take Responsibility with Renters Liability Insurance

Released on: September 21, 2009, 8:28 am
Author: Rafael Onak, InsuranceAgents.com
Industry: Real Estate

As an apartment or condo renter, it’s your responsibility to take care of your guests. Part of that responsibility includes owning renters liability insurance to avoid falling into a financial hole if a guest were to get injured on your property. A recently published article on InsuranceAgents.com discusses the significance of renters liability insurance and how it’s become a necessity rather than a luxury to own.

“If you are renting a house, condo, or apartment and you haven’t looked into purchasing renters liability insurance then you might want to start,” the article, Get Covered With Renters Liability Insurance, suggests. “Renters liability insurance is one component of a larger renters policy. A standard renters insurance policy generally comes with contents coverage, liability coverage, and external living expense coverage. However, you should not consider a renters policy unless it has adequate renters liability insurance coverage.”

You should also not consider a policy if it excludes the following: coverage for damage or injury caused by you or your property in your home as well as outside of your home (not including auto accidents), coverage for medical costs and legal bills that could result from said damage or injury, and a substantial coverage limit of at least $500,000.

“Most standard renters liability insurance policies offer coverage limits of $100,000 to $500,000 but it is strongly encouraged increase your limit to $1 million if possible,” the article emphasizes. “Your liability coverage will be useless if you don’t have a high enough limit and are caught in a dispute that involves medical and legal bills”

Insuring your apartment or condo is futile if you don’t obtain renters liability insurance. Contact a renters insurance agent today to find out how you can purchase a quality renters liability insurance policy at a price that won’t break the bank.

Go to InsuranceAgents.com for renters or homeowners insurance quotes from up to five local agents.

Contact Details: Tom Lustina
InsuranceAgents.com
435 North LaSalle
Chicago, IL
60610
614 286 0193
http://www.insuranceagents.com/