Renters insurance, sometimes referred to as tenants insurance, is often times an overlooked type of coverage, however if you have an apartment full of things you care about it’s a fantastic idea. Rental insurance provides coverage for your personal belongings while you live in a rental property. In addition, it provides liability coverage, similar to a homeowner’s policy, to protect you from being held legally responsible for damages to property or persons that may occur in your rental home. Some landlords require proof of renters insurance in order to rent out their property, though this isn’t always the case. However renters insurance is important for anyone who is renting because you never know when disaster could strike.

 

What You Need to Know

For the most part, renters insurance is pretty straightforward. The landlord gets their own property insurance policy to protect the physical frame of the dwelling, and you get renters insurance to protect your belongings and for liability purposes. However, there are a few things worth mentioning about this coverage:

  1. If you have a roommate(s) you may each need to get your own insurance policy.
  • In other words, if you are living with five people in a house, then all five of you may require separate renters insurance to protect your own belongings. One renter’s insurance policy may not cover all the renters in the residence. But really why are you living with 5 people, who does all those dishes?
  1. Landlords are not responsible for your personal possessions.
  • Some people assume that just because their landlord has insurance, they too are covered, that is not the case. Let’s say, for example, that someone were to break into the home, steal your electronic system and jewelry. None of that would fall under the property-owners coverage and without insurance of your own you would be out of luck. 

How we go above and beyond

Our role in renter’s insurance is to provide you with a variety of choices that are tailored to your needs, and to guide you with high quality advice to ensure that everything makes sense to you. We want to help you understand the value of renter’s insurance, what may be required of you when renting, and assist you in making the best choices for your situation. Did you know that if you live in a rental property and you own a car we can combine your insurance policies and save you money? We know you want to focus on moving into your new place and making it yours rather than think about insurance, so let us help you find a coverage that fits your needs and your budget quickly and easily so you can get settled in!

My Generation was created out of a need. A need for you, the new generation.  We recognize that there is a desire for brokers and insurance coverage that better understands you, Generation Y. Your needs, your way, your insurance. We’ll communicate with you the way you want to communicate and we`ll speak to you in language you can understand. I mean have you ever tried to read an insurance policy? They might as well be in a different language. We’re here to advise you, and hopefully make your life as easy as possible. 

Our mission is to make insurance quick and painless. When you buy a car, you want to drive it. When you move into a new home, you want insurance settled so you can move. We get it. We’ve been there. My Generation understands you, because we are you. It’s nothing against the old generation, but it’s time for a change.  We do business the way you do business.  We’ll get things done the way you want them done, because that’s what we do.