Category: Renters Insurance

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.

Whether you’re renting an apartment or a home, investing in a renters insurance plan is beneficial for you.  Burglaries and fires happen all the time in homes and without renters insurance, it will be tough to finance the repairs.  Fortunately, we at Travers Insurance serving Webster Groves, MO do offer renters insurance and could provide the right coverage for your needs.

It Covers your Belongings when Travelling

Anything can happen to your items while traveling.  They could be stolen or damaged.  Your renter’s insurance plan could help cover the loss of your possessions due to this happening.  Other covered losses during your traveling journey could also be covered.  Your insurance agent could give you more information on what’s considered "other covered losses."

Liability Coverage is Included

Another benefit of renters insurance- it protects when someone is injured in your home.  Liability coverage is another aspect of renter’s insurance.  It protects you against potential legal claims you may be obligated to pay.  It could also cover unintentional damage caused by you to the landlord’s property.  However, it doesn’t cover any negligence or intentional acts that you caused.

It’s an Affordable Policy

Of course, it doesn’t hurt that renters insurance won’t break your bank, too.  The National Association of Insurance Commissioners (NAIC) shows that the average renter’s insurance policy is between $15-$30 a month in 2022.  In the state of Missouri, the average premiums are between $8-$21 per month.  That’s not bad for insurance that’ll cover all of your stolen or damaged belongings.

While it’s not required that you get renter’s insurance as a Missouri resident, you will be safe rather than sorry when getting it for your home.  If you’re in the Webster Groves, MO area, contact our Travers Insurance team today.      

Are you renting a home or apartment in Webster Groves, MO, and want to protect yourself? Then, it might be time to call us at Travers Insurance to buy a renters insurance option. Doing so is a wise choice if you want to give yourself the best chance of minimizing severe complications with your belongings.

What Your Policy Covers 

When buying renters insurance coverage, you typically get to choose what kind of coverage options you can include. However, your basic policy will take care of the same types of things, including problems like:

• Potential Weather Damage – If your personal belongings are damaged due to various weather-related issues, such as snow or sleet, your policy should help cover the repairs. 
• Fires and Other Natural Disasters – When a natural disaster strikes your rented home, your belongings will be protected by your policy, such as if they get burned up in a fire caused by lightning. 
• Mischief Issues – When people break into your apartment or rent home and steal items that belong to you or damage your belongings, your renter’s policy will help pay for this coverage. 

What about problems with your vehicles or the structure in which you live? Your auto policy will cover the first, while the landlord’s home insurance will cover the latter. Your policy covers just what you own, and as you are renting, the house’s structure is not included.

Don’t Neglect This Help 

Do you want great renters insurance from Travers Insurance to cover your Webster Groves, MO home? Don’t hesitate to get in touch with us today to learn more. Our team will set you up with a policy that works for you and will do what we can to ensure that you are happy and satisfied with its coverage.