Types of Renters Insurance

Moving to a new rental property is an exciting journey that everyone in Virginia will experience at least once. From moving trucks to donating old clothes, there is a myriad of important steps to take before stepping into the property for the first time. One of these steps includes finding a reliable renters’ insurance policy to protect your personal property.

Renters insurance is a form of coverage that protects you in the event of the damage or loss of property. This liability is not on your landlord, who has already purchased a form of insurance to protect his building or rented room. Should your personal property be lost, damaged, or stolen, there is little you can do to recoup your losses without a strong renters’ insurance plan. In fact, some Virginia Beach, VA landlords may require tenants to carry a renters’ insurance policy before signing a lease.

There are several important types of renters insurance to be familiar with while looking for a policy.

  • Actual Cash Value: This protects the depreciated value of your property after it is lost.
  • Replacement Cost Coverage: Protects the full cost of your property once it is lost.
  • Loss of Use Coverage: Helps with additional living expenses after a disaster or loss of property.
  • Medical Payments to Others: Covers the expenses of those injured in your home.

To learn more about the types of renters’ coverage available to you, reach out to the knowledgeable professionals at Insurance Shopper VA, your east coast experts on renters insurance and beyond. Serving the tenants of Virginia Beach VA for years with an unmatched degree of experienced and reliable service, call Insurance Shopper, VA today to get in contact with a professional agent and learn more about how we can best serve your insurance needs.