Anyone that is in the Morgantown or Kingwood, WV area needs to make sure that they are adequately covered by insurance. When you are looking to move into a new rental property, one form of insurance coverage to get is renters insurance. There are several reasons why getting renters insurance is so important. 

When Looking to Protect Personal Assets

One situation when you should get a renters insurance policy is when you want to protect your personal assets. When you get this insurance coverage, it will provide you with coverage to replace your clothing, furniture, electronics, and other personal belongings if they were to get damaged during a fire or other form of damage. This could prove to be very beneficial in a variety of situations where you incur a loss.

Required by Lease

Another situation when you should get this form of insurance coverage is when your lease requires it. In many situations, a landlord in West Virginia will want to make sure that you have renters insurance. If you are required to have this per the terms of your lease, it is vital to stay adequately covered. If you do not have coverage, it could put you into violation and even default the agreement. 

Many advantages come when you acquire renters’ insurance. Since some complexities come with obtaining this form of insurance, contacting Smith Insurance Agency of West Virginia is a good idea for anyone in the Kingwood, WV area. When you contact Smith Insurance Agency of West Virginia, you will learn a lot more about how it can protect you. Based on this assessment, the team can also help you to pick a policy that provides you with the right coverage. 

Do you need renter’s insurance? At Smith Insurance Agency of West Virginia, in Kingwood, WV, we are happy to answer all your questions about renter’s insurance.

What is Renter’s Insurance

When you rent, your landlord is responsible for the home itself. Their insurance policy will generally cover structural damage. However, it will not cover your possessions. It won’t cover damages related to negligence either.

For example, you leave your door open, and your dog runs outside. Your dog bites the neighbor. This results in medical bills and them suing you for personal damages. Renter’s policies can cover your personal belongings as well as expenses that result from negligence. 

Renter’s Insurance Coverage

Renter’s insurance typically covers your personal belongings. However, most policies have a limit to how much they will cover for things like electronics and jewelry. If you have anything that is particularly valuable, you may need to add a personal article policy.

Liability coverage will cover any expenses resulting from negligence. However, it will not cover intentional damages. If you get angry with your neighbor and throw a rock through their window, your renter’s insurance will not cover that. If you are mowing your grass and a rock hits the window from the mower, it will cover that.

Many policies also cover loss of use. If your home is damaged and you have to live somewhere else temporarily, your renter’s policy will cover these expenses. 

Is It Necessary?

Renter’s Insurance is a good idea if:

• You don’t have the cash to replace all your belongings
• It would be a financial strain if you had to live somewhere else temporarily
• You have resources or assets that you could lose in a negligence suit

If you would like to learn more about renter’s insurance in Kingwood, WV, contact us at Smith Insurance Agency of West Virginia. We can help you choose renter’s insurance that fits your budget and offers the protection you need.