About one-third of all households are rentals and of those renters, about 40% don’t carry rental insurance. That is taking a pretty big risk that nothing bad will ever happen to you which is optimistic. At AW Burchell Agency Inc. in New York, our goal is to make all of our customers understand the value of having renters insurance. As independent insurance providers, we can offer more choices and the best rates.

Renters Insurance Coverage Options

Content coverage

Most people have many more possessions than they realize. If your rental was damaged or destroyed how would you be able to replace everything you lost? It would be a daunting task and an expensive one too. If you have renters insurance, you will be able to replace all the things you lost. You can choose current value or replacement cost as your type of coverage, and if you have an inventory of your possessions, it is an easy process. It also covers your personal property when you are traveling away from your rental.

Liability coverage

If someone is visiting your home and is injured or is injured at another location by a member of your family including a furry one, you will have coverage to pay for medical bills, and in the event you are sued, it will pay for a judgment and legal fees up to the limit of your policy.

Loss of use coverage

If your rental is damaged by a covered hazard, you may not be able to stay in it for a period of time while it is repaired. Loss of use coverage provides the money you will need to have a temporary place to stay. It will also pay for meals if you are in a place where you are not able to cook your own meals.