Renters Insurance in Florida

Renting your home is a great way to free yourself from many responsibilities. Property taxes, home maintenance, and sometimes even lawn care can be included in the price of your monthly rent. Insurance, though, is one responsibility you will need to take care of yourself. At Abney Insurance, serving Oakland, FL, and the surrounding areas, we are here to help you better understand your insurance options. Keep reading to learn more about renter's insurance in Florida.

Why Do I Need Renter's Insurance?

Your landlord will hold property insurance for the house or apartment you rent. However, this type of insurance only covers the structure and the property. It does not provide any coverage for your personal belongings as a tenant. This puts you at a disadvantage.

Your personal belongings will also be lost if the home is damaged or entirely lost. Replacing or repairing these items would be your financial responsibility. This could leave you and your family financially vulnerable.

What Does Renter's Insurance Cover?

Renter's insurance is a type of insurance policy that will provide financial reimbursement if your personal belongings are lost in a rental property. This can help you start over following a fire or natural disaster.

How Much Coverage Do I Need?

The amount of coverage you will need will be determined based on the value of your possessions. An insurance representative will help you evaluate your belongings. A value will be set for your possessions, and a coverage amount will then be selected based on that.

What Happens If I Don't Have Coverage?

If you do not have renter's insurance, you risk losing your personal belongings if there is a fire, burglary, or natural disaster on the rental property.

If you want to learn more about renter's insurance or any of our other insurance products, please get in touch with us at Abney Insurance serving Oakland, FL, and the surrounding areas.