If you rent a home, apartment or another type of dwelling, you should consider acquiring renters insurance. Renters insurance can keep you financially protected against unforeseen accident-related expenses. Selecting the right policy can be complex, so the agents at Lakenan Insurance are here to guide you through the process.

What Is Renters Insurance?

Like most insurance policies, renters insurance is an agreement between you, a policyholder, and your insurance provider in which you’re given financial assistance following an accident in exchange for an insurance premium. Accidents such as fires, damaged furniture or stolen jewelry are common incidents in which a renters insurance policy might assist with accident-related costs.

What Does Renters Insurance Cover?

Policies differ among tenants, but a standard renters insurance policy might include some of the following coverages:

·        Personal property coverage helps cover costs if items kept inside your dwelling become damaged or stolen.

·        Liability coverage helps cover medical expenses if someone gets injured inside the place you’re renting.

·        Additional living expense coverage helps pay for temporary living arrangements if you cannot live in the place you’re renting because it was damaged.

Specific policies can be tailored to include additional coverages. Reach out to Lakenan Insurance to learn more about your coverage options.

How Much Personal Property Coverage Do I Need?

Personal property coverage is not legally required in Missouri, but you should have enough coverage to cover the total value of all the belongings kept inside your home. It’s essential not to settle for the minimum amount of coverage.

Learn More

If you are a tenant near St. Louis, Missouri, the experienced agents at Lakenan Insurance can assist you in learning more about potential renters insurance policies and help you decide on the right coverage for the place you’re renting.

For additional information, contact our agency today at 314-721-1500 to request a quote.