Renter's Insurance?

07DAD
Fri, 06 Mar 2009 12:41:27 +0000

Coverages

Renters Insurance is designed to help protect you from losses.

Losses are occurrences that caused direct physical damage to property or injury to persons, whether covered by insurance or not.

Here are brief descriptions of our Renters Insurance coverages:

Personal Property - Coverage B

This coverage helps protect against losses to:

The personal property you have in your home such as your clothes and furniture.
The personal property you have with you when you are away from home in many places throughout the world.
Coverage for your personal property may include losses caused by:

Fire or lightning
Weight of ice, snow or sleet
Explosion
Aircraft and vehicles
Smoke
Sudden and accidental tearing or bulging of heating or cooling systems
Windstorm or hail
Theft
Riot or civil commotion
Falling objects
Vandalism or malicious mischief
Sudden and accidental water discharge from plumbing or appliances
Freezing of plumbing systems

Loss of Use – Coverage C

This coverage provides payment for certain losses when your home is damaged and rendered uninhabitable because of an insured loss.

Additional Living Expense

This covers the actual loss incurred for increased expenses over and above what you normally spend for food, shelter and related items for the shortest time required to repair or replace the premises, or for your household to settle elsewhere up to 24 months.

Inflation Coverage

This coverage automatically increases the amount of your insurance coverages on your personal property as inflation changes the cost of living.

The changes are based on the movement of an inflation index and are reflected in the premium at each annual policy renewal.

Tip:

XXXXXXXXX’s replacement cost coverage to get the most protection for your money.

This coverage provides payment based on the cost to repair or replace the damaged property at the time of loss, if actually replaced.

Personal Liability – Coverage L

This coverage provides payment for your legal liability up to the limits in the policy for damages because of bodily injury or property damage caused by an occurrence to which this insurance applies.

In addition, it may provide for the payment of your defense against these claims or suits.

Medical Payments to Others – Coverage M

This coverage pays medical expenses up to the limits in the policy for people who are on your premises with your permission and are accidentally injured.

The coverage also extends to people accidentally injured by your activities.

However, the coverage does not pay for medical expenses for you or members of your family who live with you.



Here’s coverage available from one major Insurance Co. So, you can get a renters policy that covers personal injuries to others. See coverage L and M