Protecting Yourself With Renters Insurance

If you rent in the state of Florida, then you need to protect yourself, your possessions and your finances from loss due to theft, accident or disaster. While homeowners are required by law to carry homeowners insurance in the state of Florida, renters are not legally obligated to have coverage. It is speculated that as many as 75% of Florida renters do not carry renters insurance.

While you may not feel the need to purchase renters insurance, should anything happen to your home or your possessions your landlord’s property insurance will not cover it. You will be faced with having to replace your possessions out-of-pocket if they are lost or with paying for damages and medical expenses if you are sued. Florida renters insurance is very affordable and provides you with protection and peace of mind.

Protecting Your Personal Property

Your Florida renters insurance serves to protect your personal property and your finances should disaster strike. Basic renters insurance in Florida covers a wide range of catastrophes such as fire, windstorms, lightning strikes, hail, vandalism, theft, leaky plumbing and even explosion. What is more, your Florida renters insurance can protect your property from loss when you travel, as well.

While a very basic Florida renters insurance policy will serve to replace up to $20,000 worth of property, many choose to carry higher amounts of coverage. It is important to take stock of your possessions and determine, realistically, how much it would cost to replace all of them. Your renters insurance should be adequate to cover the cost of replacing everything in your rented

Optional Coverages

For added peace of mind, you might want to consider getting additional coverage with your Florida renters insurance policy. Contents replacement cost coverage goes a step beyond simply personal property coverage and provides for the full cost of replacing many of your possessions with completely new goods, without consideration of the devalued worth of the lost property. You might also consider getting a personal articles floater on your renters insurance policy. This coverage is crucial for Florida renters who own high-ticket items such as computers, valuable artwork or jewelry.

Personal Liability Coverage

Personal liability coverage is what stands between you and financial disaster should someone be injured or their property damaged in your rented home. The personal liability coverage of your Florida renter insurance will help pay for medical expenses, legal expenses and replacement of property in the event of an accident where you are found liable. Your personal liability coverage will protect you, your children and your pets. This coverage extends beyond your home and will protect you in the event that you should inadvertently injure someone, even away from home.

Most basic insurance policies provide for $100,000 in coverage. However, it is often advisable to increase this amount. In the event of severe injury, medical expenses can easily reach and exceed $100,000. Protect yourself to the utmost with a higher limit is always a good idea and won’t cost that much more.

Have questions concerning homeowner’s insurance? There is a lot to know. Get great advice and the lowest rates at Homeowners Insurance Clermont

Home Insurance Orlando is a leading independent insurance provider serving all of Florida with a majority of business in Orlando & Clermont. Call them at 352-243-9000. Because they are an independent insurance provider, they can shop multiple carriers at once to find you the best coverage at the lowest rates anywhere.

Author: Henry Fleet
Article Source: EzineArticles.com
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