WEDNESDAY, DECEMBER 14, 2022
If you are a tenant, acquiring renters insurance is essential for your financial protection. Having a policy may limit unforeseen accident-related costs inside your rental property. Coverage options vary among tenants, so it is essential to know what may be included in a standard renters insurance policy.
Does Renters Insurance Cover Car Theft? 
Typical renters insurance covers the theft of items or valuables kept inside your rented home. However, the theft of cars, motorcycles and other types of motor vehicles is generally not covered by renters insurance. You will generally need a separate policy to insure your vehicle against theft; however, some renters insurance policies may cover items stolen from inside your car.
What Does Renters Insurance Cover?
Although renters insurance typically does not cover car theft, coverage typically includes the following coverages:
- Personal property coverage helps cover costs if items kept inside your dwelling are damaged or stolen.
- Personal liability coverage helps cover medical expenses and legal fees if you are responsible for a third party’s injury and repair or replacement costs if you are responsible for others’ property damage.
- Additional living expense coverage helps pay for temporary living arrangements if you cannot live in the place you’re renting because it was damaged.
Contact Peachstate Insurance to learn how to customize your policy to include additional or alternative coverage options.
Is Renters Insurance Expensive?
Renters insurance coverage rates can vary considerably. The size of your home or apartment, your insurance claims history, and homeowners or landlord coverage requirements may impact your insurance premiums.
Learn More
If you are a tenant near Atlanta, Georgia, the agents at Peachstate Insurance can assist you in learning about selecting the right renters insurance policy.
Contact our agency today at 877-997-2478 to request a quote.
This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.
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