Our renters insurance policies cover your belongings and include various levels of coverage
Also known as tenant insurance, renters insurance protects you and your stuff from damage. Most policies cover electronics, clothes, furniture, and more. They may also protect you from theft and can also cover hospital or legal bills if someone is injured at your home.
Contact our dedicated insurance agents to find the best policy to protect your family, whether you need a basic policy or additional coverage.
Most landlords require renters insurance
Is Renters Insurance Mandatory?
While renters insurance isn’t mandatory for all renters, many landlords will require you to secure a policy as part of your lease.
Even the smallest items, like your clothes, linens, and household accessories, will be covered with specific policies. Believe it or not, these small items add up to a significant expense if you need to replace them at once. Renters insurance also covers stolen belongings, depending on the terms of your policy.
Most landlords require renters insurance, so they aren’t liable for your losses if damage occurs at your dwelling.
Renters insurance also protects you from financial liability if damage occurs while renting from someone. For example, if you accidentally cause a kitchen fire and are financially responsible for repairs. Your rental insurance may cover your financial obligations and even provide you with living costs while repairs are done.
If you are required to secure renters insurance Arkansas as part of your lease, give us a call. Our dedicated agents are here to help you find the best policy at the most affordable rates.
What Types of Renters Insurance Policies Are Available?
There are several different insurance policies you can purchase as a renter. Our agency can help protect you and your family in many ways when it comes to any belongings you store on your rented property.
Basic Renters Insurance
Our basic Arkansas renters insurance policies cover theft, fire and smoke damage, vandalism, and water damage. Here is a look at some of the coverage options you can choose from with your policy:
- Personal Property Coverage– This type of coverage reimburses you if your personal belongings are stolen or destroyed by a fire or other natural disaster. Most coverage includes furniture, computers, televisions, and other electronics. However, you can opt for additional coverage to protect specific items, such as expensive watches, wedding rings, and valuable collections.
- Reimbursed Living Expenses– If you are displaced because of damage to your rental property, your policy may include reimbursed living expenses. If your home becomes uninhabitable, these policies will typically temporarily cover food and lodging until you can return to your home.
- Liability Protection– Policies that include liability coverage can help pay for expenses if someone gets hurt on your property. This helps pay for legal costs, medical bills, and other damages to cover another person’s damaged property or injuries. It can also help protect you financially if someone sues you.
Even if you have secured basic coverage, you may want to consider additional coverage for your policy. Other coverage options further protect your belongings and safeguard you against the unexpected. This type of coverage includes:
- Scheduled Personal Property Coverage– This protects significant valuables such as your engagement rings, antiques, musical instruments, and coin collections.
- Personal Umbrella Policy– Umbrella insurance protects you against significant liability claims. For example, if you’re found responsible for a liability judgment that exceeds the terms of your renters policy, this can prevent you from having to pay out of pocket.
- Identify Theft Protection– This type of coverage protects you from identity theft by paying for legal fees, lost wages, and other related costs connected to fixing the issues that ensue when your identity is stolen.
- Flood Insurance– Many policies don’t cover damage from floods. However, you can purchase additional flood insurance to help cover the cost of replacing your valuables if damaged by floodwater.
What Rights Do I Have as a Renter?
When you rent a house or an apartment, you typically sign a lease that agrees to take the dwelling as it is. This means your landlord is not required to provide additional maintenance to the residence. However, some rights protect you as a renter regarding repairs.
City building codes protect your health and safety as a renter. If you have an issue in your dwelling that impacts your health and safety, your landlord may be required to handle the repairs at no cost to you.
Additionally, if a landlord promises to handle specific repairs, make sure you have it in writing as part of your lease. Should you feel that your living conditions are a health risk, contact your local health inspector for advice. Even if your landlord is required to pay for repairs, you should continue to pay your rent. This will help you if you need to take your landlord to small claims court.
As the most trusted provider of renters insurance Arkansas, we know what type of insurance policy you need to protect your assets as a renter. With over 35 years of collective experience helping insurance clients throughout Northwest Arkansas, we’re the team you can trust to protect the life you’ve built. Our bilingual agents are here to answer all your questions and concerns.
Rocky Steele Insurance
Contact Rocky Steele Insurance Agency for Your Arkansas Renters Insurance Policy
At Rocky Steele Insurance Agency, we’ve helped countless renters safeguard their most valuable possessions.
We are a fully licensed Nationwide Insurance agency, which gives us access to some of the best customer service in the country. Our affordable insurance policies give you the peace of mind you deserve as a renter. Give us a call today to discuss your options and find the best policy for your family.