Tenants Insurance
A fire in an apartment complex, fortunately all the
residents escape but many families were left homeless. But the
problems don't end there. Many of the tenants found themselves
without renters insurance. The landlord had insurance coverage
on the actual building, but that coverage did not extend to
the tenants' property or possessions.
Leonard Insurance can provide the
the special protection needed. That's because our renters
insurance combines the following coverages in one, low-cost
package. If you rent your home, you owe it to yourself to
learn all about the important protection offered by renters
insurance:
- Personal
property coverage
- Optional
property coverage
- Personal
liability protection
- Additional
living expenses
- Improvements
- Fire
legal liability
- Credit
card and check forgery
- Deductibles
Get A Quote!
If at any time
you have a question, need help or would like to see how much
it would cost to insure your belongings with Leonard Insurance
Personal property coverage
While your landlord
should have insurance coverage for the building in
which you live, you need to be aware that that coverage
does not extend to protect your personal possessions.
Renters insurance provides protection for your furniture and
personal possessions - at home or away from home - against
damage from such hazards as fire, lightning, windstorm, hail,
explosion, smoke, vandalism, and plumbing leakage. A renters
policy also protects your property against practically every
type of theft loss in your apartment or anywhere in the world.
This personal property coverage is also called contents
coverage since it insures the contents of your apartment.
You determine the value of your property and the renters
premium is based on this amount. Leonard Insurance can help you if you have questions as
to the amount of personal property cover that's right for
you.
Optional property coverages
Since each of us
enjoys a unique lifestyle, you may require special coverages
for your individual needs. The following coverages can be
purchased separately:
- Contents Replacement Cost: pays full cost to
repair or replace most personal property in your apartment
with no deduction for depreciation.
- Valuable Items Plus: provides higher limits and
worldwide protection for special property such as jewelry,
silverware, fine art, furs, cameras, firearms, musical
instruments, and home computers for an extended variety of
losses. For your convenience, no appraisal or listing of
insured items is required.
- Additional Coverage Endorsement (ACE): extends
protection or increases limits on special types of property
(for example: jewelry, firearms, or silverware). This
coverage also increases personal liability coverage by
$100,000 and includes coverage for personal injury.
Personal liability protection
In the event that you are
sued, your renter's personal liability protection helps to
cover the associated legal costs and related damages.
Most renters policies provide $100,000 (minimum) of
financial protection against liability claims and lawsuits
brought by others for accidental bodily injury or damage to
their property:
- while in your apartment
- caused by your personal activities, including most
sports
- caused by your children or pets.
Liability
protection also includes medical payments coverage. For
example, typical policies will pay up to $1,000 per person --
regardless of your legal responsibility -- when an accident
involves bodily injury to others. Higher amounts of cover
are available.
Additional living expenses
If you are forced out
of your apartment by a covered hazard, typical cover from Leonard pays you up
to 20% of the contents coverage for necessary additional
living expenses (hotel, meals, laundry, etc.) while your
damaged apartment is being repaired.
Improvements
Many renters spend considerable time
and money on alterations or redecorating. Under a renters
policy, you may apply up to 10% of your contents coverage to
repair or replace these damaged improvements.
Fire legal liability
This feature protects you if
you're held legally responsible for any fire damage to the
building in which you live. And this coverage not only
protects your home, but also any vacation property you rent.
Credit card and check forgery
Renters insurance
automatically provides you with up to $1,000 of cover (in
most states) for losses resulting from forgery or any
alteration made in connection with credit cards, automated
teller cards, and checks used by you and your family.
Deductibles
A deductible is the amount of loss
you agree to assume before your insurance coverage takes over.
The higher your deductible, the lower the cost of your policy
premium. The deductible applies to property losses only.
Liability protection does not require a deductible.
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