If you rent a house or apartment, your landlord’s insurance only covers the cost to repair the building if there is a fire or other disaster. You need your own coverage to financially protect yourself and your personal property.
A L&Y Personal Insurance expert can help you obtain the Tenant or Renter’s Policy that best meets your needs.
Some important coverage options include:
- Personal Liability Coverage: Protects you if you are sued for causing accidental bodily injury or damage to the property of others.
- Theft Coverage: Provides protection if your personal property is stolen.
- Replacement Cost Coverage: Safeguards you against depreciation and pays to completely replace an item in the event of a loss to your personal property.
- Cash Settlement Option*: If a covered loss occurs to your personal property, you can choose to receive a cash settlement, with no requirement to repair or replace the item.
- Water Backup Option*: Provides protection for damages caused by water backup through sewers and drains.
- Valuable Articles Coverage: Provides protection for your jewelry, art, collectibles, antiques or memorabilia.