Whether you are moving into your very first apartment or downsizing to an apartment, obtaining renter’s insurance is a smart decision. Once you move your personal belongings into your apartment these things do need insurance and you as the leasee also need personal liability protection.
The average Massachusetts renter’s insurance policy that provides coverage for $25,000 of your belongings may cost as little a one dollar a day and you may move it with you when you go!
What is covered
Physical Damage Coverage
Renters insurance can provide protection for your furniture and personal possessions at home or away from home — against losses such as theft, fire, lightning, windstorms, hail, explosions, smoke, vandalism and theft.
There are some types of personal property that need special attention. Jewelry, furs, silver, guns, any collectibles would need to be reviewed in detail for proper insurance protection.
Your Liability Protection
If a liability claim is made against you or you are sued with regard to “personal liability” your renters personal liability coverage may help with legal costs and related damages. Your personal liability protection would be for provide coverage for accidental bodily injury or property damage to others.
An additional type of liability protection on a renters policy is medical payments to others coverage. The renters insurance policy generally can pay up to $1,000 per person for necessary medical expenses — regardless of your legal responsibility — when a covered accident on your property involves bodily injury to others.
There are many ways to save money on your renters insurance. The best way to review all savings options to speak with your Herlihy Group Account Manager.
Here is a sampling of the savings options they will review in detail with you.
- Pay your premium in Full
- Deductible Savings
- Savings for alarm system
- Non smoker savings
- Loss free savings
- Previous Insurance credit
- Favorable Insurance Score
- Electronic Policy Delivery Credit
- Bundle and Save: Insure your car, umbrella or valuable items policies with your agent