• Protect your personal property includes furniture, clothing and electronic devices.
• Lost of Use covers costs incurred by an increase in living costs, up to the limit of your policy, if your home is being repaired or rebuilt after a covered loss.
• Liability protects your finances if you are legally responsible for the injuries of another person or damages to their property.
• Medical Payments to Others pays medical expenses resulting from an event covered by the policy.

Renters insurance is the best option for tenants who rent apartments, condos or homes. When you need extra protection, here are some options:

• Your renters insurance may limit the value of certain valuable items like jewellery and artwork and collectibles. You may be able purchase an endorsement
• Personal Injury: You may be liable to pay legal fees and damages for slander.
• Back-up water Your standard renters insurance Ohio may not cover any water that is backed up from drains, sewers. Your water backup coverage could pay for damage to your possessions.

We’ll look at the three main coverage types for renters to understand how they all work together to protect your possessions and you. Your insurance company will only pay up to your policy limits if you are eligible for a claim.

Personal Property coverage covers the repair or replacement of personal items such as jewelry, pots, pans, and electronic equipment when damaged or lost by an insured event, like a fire or theft.

Liability Insurance covers accidental injuries or property damage caused by you to others. Liability insurance also covers legal costs if you are sued for an accident. For example, a guest slipping and falling in your apartment could lead to a lawsuit.

Additional Living Expenses (ALE) will cover hotel bills and restaurant meals if you rental unit is damaged due to an event covered by your policy. For example, an explosion or a fire. ALE may also cover pet boarding expenses.