Just because you rent a property instead of owning it doesn’t mean you don’t have possessions you need to protect. Unexpected damage to your apartment can lead to expensive replacement costs that can affect your financial stability. At ACG Services of Maryland, we offer renters insurance to cover your personal possessions against loss.
Many people think that their landlord’s insurance coverage covers their possessions, but this is not the case. A landlord’s insurance policy only covers the structure itself and none of the contents held by tenants. Renters often don’t think they have enough possessions to justify getting renters insurance, but the cost of furniture, clothing, and a variety of electronics components can add up quickly. If a theft, fire or vandalism should occur, you would incur the loss of replacement of these necessary items in your life. You may also have other items that would be costly to replace, such as exercise equipment, artwork, and appliances. Renters insurance can help defray the cost of replacing these items.
An important feature of renters insurance is coverage for liability if someone has an accident or injury while on your property. It can cover medical costs for such unexpected injuries. A renters insurance policy can also cover you against negligence, such as leave the bathtub faucet running, which then causes water damage to a neighboring apartment. Renters policies can also provide alternative housing while your living space is being repaired.
Our experienced agents can answer your questions and help you determine the right coverage for your individual needs. We offer many types of insurance, including auto, home, and commercial coverage. Call ACG Services today for a free, no-obligation quote on renters insurance to protect yourself and your family against expensive losses.