Thursday, June 1, 2017

ATTENTION RENTERS - Protect your Personal Property!

Disaster can strike anywhere, unexpectedly and regardless of whether you own your home or rent, you still need to protect your personal property. Many renters do not realize that their landlord's insurance policy at the Lake of the Ozarks will not cover the belongings of their renters. The landlord's commercial rental dwelling insurance likely only covers the building structure and owner's liability, not the property and liability of the renter. Thankfully, you as a renter can protect your personal belongings by investing in a low-cost renter's insurance policy - let's take a look why you should:

Why Renters Insurance?

If you live in an apartment or a rented house, renters insurance at the Lake of the Ozarks provides important coverage for you and all your possessions. Your landlord's insurance will only cover the costs of repairing the building if there is a fire or other disaster. You need your own coverage in order to financially protect yourself and your belongings. In many cases of theft or damage, a standard renters insurance policy protects your personal property. It may even pay for temporary living expenses if your rental is damaged (including loss of use). Renters insurance can also shield you from personal liability. Anyone who leases a house or apartment should consider purchasing renters insurance coverage.

Coverage for Personal Possessions

You'll want to make sure you have enough insurance to replace all of your personal possessions in the event of a burglary, fire or other covered disaster. Creating a home inventory is the easiest way to determine the value of all your personal possessions, including furniture, clothing, electronics, appliances, kitchen utensils and even linens. A home inventory is a detailed list of all your personal possessions, along with their estimated value. Keeping your home inventory up-to-date will make filing an insurance claim faster and easier. If you have expensive jewelry, furs, sports or musical equipment, or collectibles, you should consider adding a floater to your policy. Most standard renters insurance policies offer only a limited amount for these valuable items, so you'll need additional insurance.

Liability Protection

In addition to protecting your personal possessions, renters insurance also provides liability protection that covers you against lawsuits for bodily injury or property damage done by you, your family members or even your pets. This will cover not only the court costs, but also the court awards up to the limit of your policy. You also have no-fault medical coverage with a standard renters insurance policy. This coverage is only for injuries sustained by others while on your property and is not a substitute for your own healthcare coverage. If you need a large amount of liability protection, you can purchase additional coverage with a personal umbrella liability policy.

So if you're renting a property, and concerned about the security of your personal possessions, renters insurance from Insure the Lake is your solution. Our renters insurance at the Lake of the Ozarks cover the "contents" of an apartment, duplex, house or any other dwelling you call home. We'll help you inventory your belongings and set up a policy for the appropriate amount. If disaster does strike, you want to know that you are properly insured! REQUEST A FREE QUOTE TODAY to get started!

Request a Free Quote Online! Contact Insure the Lake today for all your Lake of the Ozarks insurance needs! 

About the Author: Steve is a double back-flip insurance ninja. He was named Young Insurance Agent of the Year by the Missouri Association of Insurance Agents in 2010 and is a Certified Insurance Counselor. When he is not helping customers, he enjoys community service, Latin dancing with his beautiful wife and going on adventures with his two awesome sons.

Steve Naught, CIC
3736 Osage Beach Parkway
Osage Beach, MO 65065
Next to Golden Coral