Month: March 2023

Travers Insurance offers renters insurance to provide Webster Groves, MO tenants with peace of mind and financial protection. Learn more about how renters insurance keeps you protected and why renters need to have this type of coverage.

Why Do Renters Need Insurance?

Many renters believe that their landlord’s insurance policy will protect them in case of a loss or damage to their belongings. However, this is not always the case. For example, landlord insurance typically covers the structure of the building and any liability associated with it, but it doesn’t protect the renters’ personal belongings.

Renters insurance is designed to protect tenants’ personal property and offer liability coverage in the event of a lawsuit. Without renters insurance, tenants would be responsible for replacing their damaged or stolen belongings out of pocket, which can get rather expensive.

What Does Renters Insurance Cover?

Renters insurance covers a wide range of situations, including:

• Personal property damage or loss: This coverage protects your belongings from damage or loss due to theft, fire, water damage, and other covered events.
• Liability coverage: If someone is injured on your property and you’re found liable, renters insurance can help cover legal fees and medical expenses.
• Additional living expenses: If your rental property is uninhabitable due to a covered event, your renters insurance can help pay for temporary living expenses.
• Medical payments to others: If someone is injured on your rental property and requires medical attention, renters insurance can help cover the costs.

How Does Renters Insurance Work?

Renters insurance works similarly to other types of insurance. You pay a monthly or annual premium, and in exchange, the insurance company agrees to cover losses or damages up to a certain amount. The amount of coverage you need will depend on the value of your belongings and your personal financial situation.

Call Our Office for More Information

As a renter, you need to protect yourself and your personal belongings with renters insurance. Travers Insurance in Webster Groves, MO will help you find the right coverage to fit your needs and budget. Contact us today to get started and ensure you’re covered in case of an unexpected event.