Fire Insurance
Is Your Landlord’s Standard Fire Insurance Enough?
Fire Home Insurance
For those who rent their homes, ensuring that their homes are protected, that their belongings are covered and that threats of disaster cannot cause serious financial harm is essential. However, many renters are under the impression that their landlord’s standard fire insurance protects them from harm. If you rent your home and your landlord has standard fire protection in place, you are still in jeopardy. Why are you not protected?
In order to understand this, you must first understand a bit more about standard fire policies. These insurance policies are written to cover the structure and any attached structures. What are your options? In addition to a standard fire insurance policy for structural damage, you should have your own renter’s insurance plan. This insurance is specially formulated to protect your possessions within a rental environment. Let the landlord’s insurance take care of the structure, but protect yourself and your belongings with a good rental insurance plan. You should also make certain that you compare the reputation of the insurance company. How slow are they to respond to claims? Do they have a history of denying insurance claims from their customers? It is always advised that you have a quality renter’s insurance plan, in addition to your landlord’s standard fire insurance policy.
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