Generally, you’ll be required a minimum of $100,000 for liability insurance, if your landlord requires renter’s insurance.
Your liability coverage pays for bodily injury and property damage caused by negligence—like if your dog gets loose and bites the neighbor’s kid and he has to get stitches.
You’re not, however, covered for negligence for expected or intended bodily injury (you throw a baseball in a parking lot trying to hit your neighbor), business pursuits (the cupcakes you bake in your apartment make someone sick with food poisoning—you would need a business owner’s policy), or vehicle-related damage or injury (your emergency brake fails and your parked car hits someone—auto insurance covers this).
In addition to the basics, there are a few other types of coverage to know about. If a visitor suffers an injury in your home, your policy’s “medical payments to others” coverage will take care of the medical bills, regardless of who is at fault. “Credit card and bank forgery” coverage will protect against some monetary fraud attempts, such as if a burglar steals your credit card or check book during a break-in to run up fraudulent charges or write forged checks. And “property of others” coverage replaces not only your belongings, but others’—for example, if you borrow a friend’s laptop, and a leaking pipe destroys it.
Getting Renters Insurance Through Killebrew Insurance
The greatest advantage to choosing Killebrew Insurance for your Renter’s Insurance is that we’re an independent insurance agency – we can find the best insurer for your needs, and get you a policy that works for you and your roommates or family.
So if you’re looking to get renter’s insurance, or want to refer a new tenant to an option for them, why not give our Midland or Odessa offices a call so we can discuss the options?
Learn more about our Renter’s Insurance program or call Odessa: (432) 332-6322 or Midland: (432) 694-0508