What is Covered Under a Basic Renters Insurance Policy? 

If you’re renting a home or apartment in Florida, understanding what renters insurance covers is essential. At Golden Gables Insurance Agency, we know many renters in Miami, FL may be new to insurance or unsure about what a basic policy includes.

What Does Basic Renters Insurance Cover?

Renters insurance typically focuses on three main types of coverage:

Personal Property Coverage

This coverage helps pay to repair or replace your personal belongings if they’re damaged or stolen due to covered events like fire, theft, vandalism or certain types of water damage. Items such as furniture, electronics, clothing and appliances are usually included. It’s important to note that coverage limits and exclusions may apply, so reviewing your policy details is key.

Liability Insurance

Liability coverage can help you financially if someone is injured while visiting your rental or if you accidentally cause damage to someone else’s property. For example, if a guest trips and falls in your apartment, liability insurance may help cover their medical expenses or legal costs if you’re found responsible. Coverage can also apply to incidents outside your home, such as if you accidentally damage someone else’s property while out in public.

Additional Living Expenses

If your rental becomes uninhabitable due to a covered loss, such as a fire, your policy may help pay for temporary living costs. This can include hotel bills, meals and other necessary expenses while your home is being repaired.

How Our Team Can Help

At Golden Gables Insurance Agency, we’re dedicated to helping renters in Miami, FL find the right coverage for their needs and budget. Our team can explain your options, answer your questions and make sure you have the policy you need.

Ready to learn more or get a quote? Contact us today to speak with our team.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.