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Renters Insurance in West Virginia

Why You Should Have Renters Insurance

Even though you don’t own the property you may live in, you should still consider renters insurance because it financially protects you and covers your belongings, which can add up if they are destroyed by a covered event.

What Does Renters Insurance Cover?

Renters insurance in West Virginia won’t cover the structure of the building since that is the landlord’s job, but it will cover your personal belongings and your liability. Liability coverage will protect you against lawsuits for any injuries or property damage done by you, family members, and pets. This insurance will also provide no-fault medical coverage, so if someone is injured at the property then they can submit medical bills to the insurance company and avoid a lawsuit. Additional living expenses coverage can help you if your home is destroyed and you need to live somewhere during that time it’s being repaired. This can cover hotel bills, temporary rentals, and other expenses during the time.

What You Should Know about Renters Insurance

When determining how much coverage to buy, make sure you get enough protection for your personal belongings. Create a home inventory that includes the estimated value of your belongings to ensure you have enough coverage. Your liability coverage should be enough to protect your assets. An agent at Smith Insurance Agency of West Virginia can help you determine the right coverage needs. Know the difference between actual cash value and replacement cost coverage. Replacement cost coverage will pay for you to replace your belongings but can be more expensive to have. Some items are not covered, such as expensive jewelry, collectibles, or furs, so you will need additional insurance added to your policy in order to have these items covered. Some disasters in Kingwood, WV are not covered under renters insurance, so it’s important to check your coverage. For example, many policies won’t cover earthquakes and floods.

Contact Smith Insurance Agency of West Virginia serving Kingwood, WV to get a quote on renters insurance.