Renters Insurance

Renter’s insurance is a subset of property insurance that provides protection for a policyholder’s personal belongings in the event of a loss. It’s an insurance policy that protects a tenant’s property within a rented apartment. It is usually required as part of your rental agreement as well.

The policy offers liability coverage in cases of negligence. For example, suppose you leave the tap in your kitchen running and it overflows into a neighbor’s apartment. In that case, you could be liable for that damage and required to foot the repair or medical bills related to the accident. Renter’s insurance provides coverage for such events. Additionally, most renters’ insurance policies offer protection for a tenant’s property in case of accidents such as power surges, fire, burglary, theft, water damage, or other unforeseen events. It is important to note that renter’s insurance covers only certain types of property. Still, it is possible to have add-ons on your policy to protect items you consider essential, which may be expensive to replace, like antiques and collectables.

It is preferable to go with established companies over startup insurance companies. Established companies have the know-how to handle the many different cases of renters insurance claims due to the many years spent in the system. They are likely to have the most affordable rental insurance rate, which is where Imperial Professional Service comes in.

Contact us today to get more information on our service offerings. We are here to protect you.