Premium Renters Insurance In Tennessee

Insurance for Renters Across Tennessee

Renting a place to live often comes with freedoms that are lost when purchasing a home. There is no hefty mortgage or need to keep up with maintenance around the complex, as rented apartments and homes often have landlords or maintenance staff. But renters still face a lot of the same dangers as homeowners do, especially when it comes to the loss of their personal belongings. Your landlord’s property insurance may not cover your items if they’re lost or damaged, which is why it’s important to have a renters insurance policy.

Renters insurance, sometimes known as apartment insurance, is designed to protect policyholders who rent a place to live rather than own. Tennessee Auto Insurance Agency works closely with each client to find affordable renters insurance prices for the perfect amount of coverage.

What Does Renters Insurance Cover?

Renters insurance, unlike home insurance, is not designed to cover the actual rented property, such as an apartment unit. Instead, it is primarily geared toward protecting you and your personal belongings. Renters insurance has three main coverage sections:

·        Personal liability covers medical expenses and possible legal fees if someone else suffers bodily injury or property damage on the rented property. It can also cover injury and damage caused by the policyholder’s children and pets.

·        Personal belongings cover your personal items if they are lost or damaged due to fire, smoke, lightning, theft, vandalism and more.

·        Additional living expenses cover the cost of temporarily moving elsewhere after a disaster renders the rented property uninhabitable.

How Much Renters Insurance Do I Need?

The amount of renters insurance you need may not be the same as your neighbor’s. Every renter and situation are different, so it’s important to consider your personal needs with it comes to renters insurance. Overall, you should purchase enough renters insurance to cover the replacement cost value of the items you want insured. If you host parties or frequently have guests, you may want higher limits of personal liability. Most policies begin with $100,000 in personal liability and $30,000 in personal belongings coverage.

If you’re not sure about how much renters insurance you need, speak with an expert at Tennessee Auto Insurance Agency.

Insure Your Belongings

The agents at Tennessee Auto Insurance Agency are dedicated to finding you an affordable renters insurance policy. Whether you need apartment renters insurance or home renters insurance, we can tailor a policy to cover your belongings. Give us a call at <PHONE> or fill out an <online quote form> today.

Frequently Asked Questions

How Far in Advance Do You Get Renters Insurance?

It’s recommended that you purchase renters insurance before moving into your new rented space. In fact, many landlords will require you to provide proof of carrying renters insurance by the move-in date.

Are There Things Renters Insurance Does Not Cover?

Renters insurance unfortunately doesn’t cover everything. Common exclusions include flood and earthquake damage. Policies may also have limited coverage for expensive items such as jewelry, art and furs.

How Much Does Renters Insurance Cost?

The average cost of renters insurance in Tennessee is around $218 a year (about $18.16 a month).