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Renters Insurance in Nevada
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Contrary to a popular belief that insurance is only meant for homeowners, you can still insure your property even if you live in a rented home. Most tenants don’t see the need for insurance simply because they don’t own the roof over their heads. Renters’ insurance is designed to protect tenants from financial devastation in the event of a loss. Renters’ insurance may cover liability, loss of personal belongings, and living expenses in the face of disaster.
A renters’ insurance policy protects the tenants against situations that would otherwise lead to financial loss. Losses resulting from liability claims such as an injury that’s not as a result of a structural problem in the house are covered. If you are renting or subletting a townhome, loft, studio, condo, duplex, apartment, or a single family home in Reno, Nevada, you can purchase renters’ insurance from Hinman & Associates Insurance to protect yourself from financial losses.
Typically, personal items within a rented home aren’t covered under the owner’s or landlord’s property insurance. For instance, if a fire or a flood destroys personal belongings in a rented home, the landlord’s policy will only cover damages to the structure. As a tenant, damage to your personal belongings will not be covered unless you have renters’ insurance. Many landlords are increasingly demanding proof of renters’ insurance when you rent their property.
If you don’t want to cover damages to personal property out of pocket, you need to get renters’ insurance for financial protection. Additional living expenses (ALE) protection, liability protection, and coverage for personal belongings are just some of the types of financial protections afforded by this coverage. Hinman & Associates Insurance in Reno & Sparks, NV provides renters’ insurance for area residents. Give us a call or visit our offices and speak to one of our agents if you are looking for renters’ insurance in the area.