Florida Renters Insurance - A Guide to Your Options
Florida residents may be required by their
landlords to carry renters insurance. This is because Florida Renters
Insurance not only protects your belongings and investment in them,
it also covers any damage you might do to the apartment or house
while renting it. You may even be required to carry a specific
amount of coverage on your policy.
Fortunately, renters insurance doesn't just
benefit your landlord. When you buy renters insurance in Florida,
you'll also be protected from liability damages if someone is hurt
in your apartment, and you can replace your belongings if they
are destroyed or stolen, even if it happens while you're away from
home. Renters insurance, like homeowners insurance, will replace
stolen luggage taken on vacation, and some other items, like laptops,
that are taken or destroyed outside the rental unit. The danger
of storm damage in Florida means that it is vital to make sure
that your renters insurance covers water damage to your belongings,
as well as the more usual fire, lightning, and smoke damage coverage.
Most people think that renters insurance is too expensive, but
it isn't really, especially when you compare it to the cost of
replacing your belongings. Generally, renters insurance costs less
than two hundred dollars a year, and can be paid month by month
if paying a lump sum isn't possible. If a disaster ever happens
to your rented Florida home, you'll find that buying renters insurance
is only of the smartest decisions you've ever made.
Protection your renters insurance policy offers will probably
include damage from fire, lightning, theft, smoke, vandalism, windstorms,
and hail. Other options which may be included, or which may be
purchasable for additional cost are flood damage, burst water pipe
damage, riot damage, aircraft and vehicle damage, frozen pipes,
and damage by falling objects. Many packages commonly include liability
protection, medical payments to guests who are injured in the apartment,
a sudden increase in living expenses due to a loss, and loss of
property while traveling. You may also, for a higher premium, be
able to buy protection from earthquake damage, and protection for
wedding and engagement presents. All coverage, of course, varies
by the policy and insurance provider.
Renters insurance is a smart choice for a huge number of reasons.
If you're a Florida resident who isn't required by your lease to
carry this insurance, you should still consider investigating it.
There are many options, meaning that you can easily find the insurance
that will fit you and your needs. Since almost all renters insurance
costs less than twenty dollars a month, it's also affordable! Ask
your insurance agent about the possibility of renters insurance
today, and you can breathe a little easier, knowing that your belongings
are protected. Don't let anyone tell you that you don't need this
kind of coverage. In the event of a fire or burglary, you'll be
glad you went ahead and purchased renters insurance.