Email an Agent
Click to Call 
Get Directions
People understand why homeowners’ insurance is needed. But how about renters? Most tenants think they don’t need insurance because their landlord’s insurance will cover them. But this is not correct. Let the Insurance & Financial Services Inc. of Baton Rouge, LA explain why this coverage is important.
The landlord’s insurance policy provides protection only for what the landlord owns. Items inside the building the tenant owns are excluded. This information is probably stated in the lease signed at the rental time.
Renter’s insurance is a necessity. It protects the renter and their property. As with other forms of insurance, the customer chooses the amount of coverage and their deductible, then pays a monthly premium based on these choices. The amount of coverage a renter chooses is determined by the value of their property.
Renter’s insurance covers theft, vandalism, fire, plumbing and electrical malfunctions, weather events, and other hazards. There are two things a renter’s policy will not cover. Earthquakes and flooding are not included in the coverage. Specific policies are needed to cover these events if you live in an area prone to either of these hazards.
Any renter that has a furry four-legged friend especially needs this protection. If you have a guest and your dog decides to bite, this coverage pays for any medical costs that may arise.
Also, remember that any hazard not explicitly listed in the policy will not be covered. For example, if the policy doesn’t list damage from faulty plumbing, there is no coverage for it.
If you are a Baton Rouge, LA renter, ensure you protect your belongings with renter’s insurance. The Insurance & Financial Services Inc. can provide you with a quote or answer any questions you may have. Contact our office today.