Think your apartment building has your valuable items covered from theft or unforeseen damages? You could be in for an unwelcome surprise! Get Nevada renters’ insurance quotes today and protect your valuable items.
Renters' insurance is an insurance policy which provides most of the benefits of homeowners' insurance. Renters' insurance does not include coverage for the dwelling, or structure, with the exception of small alterations that a tenant makes to the structure. This provides liability insurance. The owner of the building is responsible for insuring it, but has no responsibility for the tenant's belongings.
If your possessions are stolen during a break-in or damaged by a fire or severe weather, a renters’ insurance policy can allow you to recover their value. If someone is injured during an accident in your residence, renters’ insurance can help protect you in the case of a lawsuit.
The four most common risks typically covered, include:
- Fire and smoke
- Water damage
Basically, there are three types of coverage available:
- Loss of use
- If you temporarily cannot live in your residence due to damage from a covered peril, you may have to rent another place until your residence is ready to move back into
- Personal Property
- Sports equipment
- Personal Liability
- Can help pay for reasonable and necessary medical expenses if someone is injured in an accident in your Nevada residence.