Renting in Oklahoma has many advantages. A lot of people love the freedom they have renting as well as the lessened responsibility for property maintenance. However, there are still many things that renters should take into consideration when it comes to their rental arrangement. Renter's insurance should be a priority for anyone who is renting a place to live. Nerissa Berry Insurance Agency LLC is here to help you figure out what renter's policy is best for you.
What is Renter's Insurance
Renter's insurance is an insurance policy that protects you, the renter, if damage comes to the rental property. Many renters are under the misconception that if you are renting, you are entirely covered under the landlord's insurance policy. This is incorrect. Your personal belongings are not covered under your landlord's policy. There are many situations in which your personal property can be damaged or lost while renting. In these situations, your landlord is in no way responsible for your belongings.
Why Get Renter's Insurance?
Many renters in Oklahoma think that because they rent there is nothing else they need to think about. You should consider types of scenarios in which your personal belongings could be damaged. Fire, lightning, theft, and water damage are some of the most common types of events. In these situations, your landlord is in no way responsible for repairing or replacing your belongings. Renter's insurance can also protect you in a liability situation. If someone is injured on the rental property, you could be held liable.
Some renters insurance policies even provide temporary living expenses should your rental be uninhabitable due to damage. If you incur any injuries during a damaging event, you may also be able to get medical bills covered.
Renter's insurance is a great way to protect yourself and your personal belongings while you are renting. It should also be noted that many large scale property complexes require renters to carry renter's insurance. This is a great way to make sure that all tenants are protected.
If you would like to learn more about renter's insurance, please contact the friendly staff at Nerissa Berry Insurance Agency LLC serving clients in and around Oklahoma.