Tuesday, April 30, 2013

Protect Your Possessions with Renters Insurance

If you rent your home, your property is not protected by the landlord’s insurance.
If you rent your home or apartment, you may think the landlord is
responsible for the property’s insurance. Guess what? Your belongings are not covered on his
policy. If there’s a fire or water damage or theft, you would likely be forced to leave your home
for a length of time. And you may have to start over in terms of acquiring possessions. At least if
you have renters insurance, you wouldn’t have to pay for those inconveniences.

Dostal & Kirk offers affordable renters insurance protection that every renter should seriously
consider having. It covers your rental property, no matter if it’s a house, apartment, multi-family
residence, duplex, loft, townhome or condo. It covers renters in much the same way
homeowners insurance works, but since it’s not always required, some renters neglect to protect

What Renters Insurance Covers
Renters insurance protects you against a wide range of disasters and damage caused by fire or
smoke, lightning, windstorm or hail, volcanic eruption, ice, vandalism, theft, explosion, plumbing leaks and falling objects. Floods and earthquakes are typically excluded from standard renters

insurance. Most policies cover sports and recreational equipment but not your vehicles, which
would be covered by your car insurance.

You may add extra coverage for valuable jewelry, collectibles, cameras, musical instruments
and more, as an endorsement to your policy. If you operate a business out of your home, you
can add increased business coverage to protect those assets. Renters insurance also offers both
personal liability coverage to protect you against lawsuits and additional living protection should
you need to relocate while the rental property is repaired or rebuilt.

You can usually choose between actual cash value renters insurance, which will replace your
belongings after factoring depreciation, or full replacement cost protection, which may cost
more upfront, but covers the full replacement cost of your possessions.

Whose Possessions Are Covered
Any member of your family is covered under your renters insurance policy. If your kids are in
college, their possessions are covered at school, provided they live on campus and don’t rent
an apartment. You can obtain joint renters insurance with your roommate or unmarried partner
in some states.

Common Myths about Renters Insurance
Let’s address these myths one at a time, and you can decide whether renters insurance is
something you need.

 My landlord is responsible if anything happens to my apartment.
 I don’t need insurance; my stuff fits in the back of my truck.
 I can’t afford to buy renters insurance.
 If my friends get hurt at my house, their insurance will cover them.

My Landlord Is Responsible
There are many advantages to renting rather than owning your home. Your landlord probably
handles general care of the premises and may even cover your utilities. You may have cable TV
as part of your rental agreement. You never need to worry about lawn care, snow removal or
trash collection. You are free to relocate simply by giving notice under the terms of your lease.
Your landlord insures the property and has liability protection enough to cover appropriate

claims. But that protection will not cover you, your belongings or anything occurring inside your

I Don’t Need Renters Insurance 
Many renters believe their belongings could easily be replaced since they don’t have many
possessions. Since most people acquire their things over time, it’s easy to lose track of
cumulative value. But take one look in your kitchen or clothes closet and you’ll likely realize you
wouldn’t readily have the financial resources to replace everything you currently own. Even
renters whose earthly belongings fit in the back of a pick-up truck would be hard-pressed to
replace furniture, appliances, electronics, food, clothes and more all at once if the duplex
burned down.

I Can’t Afford Renters Insurance
Do yourself a favor and contact Dostal & Kirk Insurance & Financial Services for a no-obligation quote for renters insurance.  It’s affordable, and it's money well spent for protection that provides peace of mind.

If My Friend Is Hurt, Their Insurance Kicks In
In addition to insuring your personal property, renters insurance can protect you against lawsuits
with liability protection. If a house guest is injured at your house and sues for lost wages or pain
and suffering, your renters policy can cover the damages.

What to Expect from Dostal & Kirk
 One-stop shop for all your insurance needs
 Multiple policy discounts
 Free, no-obligation quotes
 Choice of insurance companies you can trust
 Efficient claims process
 Testimonials from satisfied customers

Dostal & Kirk Insurance & Financial Services can help you protect yourself and your property with renters insurance.  Contact our independent agents for a no-obligation quote. We can help you discover discounts
you may be eligible for, and we’ll be with you every step of the way. Call us today at (877) 562-6801.

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