What does renters insurance cover?

Are you a college student living off campus renting a home or an apartment? Are you a recent graduate living in an apartment downtown or in the suburbs? Are you renting while waiting for the market to slow down in Ohio? If you answered “yes” to any of these questions, purchasing a renters insurance policy is a great option for you and your belongings.  

What is renters insurance? 

Renters insurance in Ohio is for those who are renting a home or an apartment rather than owning it. Renters insurance can also be called a HO-4 policy, which focuses on insuring what’s inside the renter’s home rather than the building itself.  

If you are renting from a landlord or an apartment complex, renters insurance is often required before you move in. Though it is not always legally required, it can be a condition of your lease. 

What does it cover? 

There is a lot that a renters insurance policy can cover, but there are also items that the policy won’t cover. If you can’t find the answer to your question below, find an East Street Insurance agent to talk to about renters insurance.  

Does renters insurance cover theft?  

If your policy includes personal property coverage, the policy will cover belongings in your home such as electronics, furniture, clothing and other valuables that are stolen if theft is a named peril of the policy.  

Does renters insurance cover water damage? 

Renters insurance normally covers water damage from common scenarios such as accidental water overflow or discharge from pipes, but your renters insurance policy will not normally cover damage caused by sewer backup or flood.  

Does renters insurance cover bed bugs?  

A standard renters insurance policy does not usually cover bed bug or other insect infestations or damage caused by rodents or vermin. The best way to know for sure is to contact your insurance agent and review what your policy does and does not cover.  

Does renters insurance cover car theft?  

Renters insurance policies normally cover theft of personal belongings from inside your car, but it will not cover the theft of the car or parts of the vehicle itself. Usually, your auto insurance will cover the theft of a car or damage done to the car.  

Does renters insurance cover fire?  

A renters insurance policy will cover damage to your belongings caused by fire or smoke.  

Does renters insurance cover flood?  

A standard renters insurance policy will typically not cover damage from a flood. 

Does renters insurance cover storage units?  

Typically, anything that your rental insurance policy covers is also covered in your rented storage unit, but this can depend on your policy’s limits. If you don’t know the extent of your policy limits, contact your insurance agent in Ohio today to find out.  

Does renters insurance cover mold?  

Mold damage may be covered by your renters insurance policy if the cause of the mold is the result of a covered peril under your policy.  

What does renters insurance not cover? 

There are some perils that are not covered under certain renters insurance policies. Typically, perils such as earthquakes, flood, riots, rodents and pests are not covered perils on the policy. But the best way to know what is and what is not covered in your renters insurance policy is to talk to your insurance agent and walk through the covered perils of your policy.  

How much is renters insurance in Ohio?   

Renters insurance is one of the most affordable types of insurance that can vary from $10 to $50 a month in Ohio. These prices fluctuate based on the type of coverage you purchase, how much coverage you have and any additional endorsements you may opt into.  

Cheap renters insurance may not cover everything you want it to cover in a policy, that is why meeting with an East Street Insurance agent to walk through your insurance needs is ideal. Your agent can get you a renters insurance quote quickly so you can know how much your renters insurance policy will cost.  

Our renters insurance calculator can also help you estimate how much your renters insurance policy may be. The calculator will take you step-by-step through various questions that help determine the right amount of coverage you will want and need for your policy.  

How to get renters insurance? 

The next step for you is to get a quote today. The process is easy and will help you get to your next destination...a reliable renters insurance policy!  

If you would rather speak with someone, find an East Street Insurance agent who will help guide you through the process. 

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