Life can change in an instant—whether due to theft, fire, or other unexpected events, no one is immune to potential loss. To help protect you and your belongings, we require all residents to maintain renters insurance throughout their lease. This ensures your personal property can be replaced and that liability coverage is in place should the unexpected occur.
WHO IS RESPONSIBLE?
Some renters mistakenly believe that the landlord’s insurance will cover their personal belongings in the event of property damage. In reality, the property owner’s insurance only covers the building itself—not the personal possessions of residents.
PERSONAL PROPERTY COVERAGE
When obtaining renters insurance, be sure to accurately estimate the value of your personal possessions. Furniture, electronics, kitchen appliances, and other items can add up quickly. Renters insurance offers peace of mind, ensuring that you can easily replace these items in the event of property damage.
LIABILITY COVERAGE
If a guest in your rental home is injured, you could be held personally liable, which may lead to legal consequences. Additionally, if you or a family member cause damage to a neighboring unit, you may be responsible for the costs. Renters insurance helps cover expensive legal fees from lawsuits, as well as potential medical expenses resulting from such incidents.
RENTERS INSURANCE COST
Renters insurance is affordable and can be obtained for a minimal monthly fee. Costs vary depending on the reimbursement policy for claims. Some policies use "actual cash value," while others offer "replacement cost value" for damaged possessions. For accurate quotes, contact insurance providers like Community First Insurance Center, Van Handel Agency, Monday & Associates, Inc., Assurant, orSure App.
711 S Telulah Ave | Appleton, WI 54915
920-944-3515
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