Renters Insurance

As most renters understand, a building owner (landlord) carries insurance coverage on the actual building, but that coverage does not extend to the tenants' property or possessions.

If you rent your home or apartment, you owe it to yourself to learn all about the important protection offered by renters insurance:

• Personal property coverage
• Personal liability protection
• Credit card and check forgery
• Deductibles
• Personal Property Coverage

While your landlord should have insurance coverage for the building in which you live, you need to be aware that that coverage does not extend to protect your personal possessions. Renters insurance provides protection for your furniture and personal possessions - at home or away from home - against damage from such hazards as fire, lightning, windstorm, hail, explosion, smoke, vandalism, and plumbing leakage. A renters policy also protects your property against practically every type of theft loss in your apartment or anywhere in the world.

Personal Liability Protection
In the event that you are sued, your renter's personal liability protection helps to cover the associated legal costs and related damages. Most renters policies provide $100,000 (minimum) of financial protection against liability claims and lawsuits brought by others for accidental bodily injury or damage to their property:

• While in your apartment
• Caused by your personal activities, including most sports
• Caused by your children or pets

Liability protection also includes medical payments coverage. For example, Travelers will pay up to $1,000 per person — regardless of your legal responsibility — when an accident involves bodily injury to others. Higher amounts of coverage are available.

Deductibles
A deductible is the amount of loss you agree to assume before your insurance coverage takes over. The higher your deductible, the lower the cost of your policy premium. The deductible applies to property losses only. Liability protection does not require a deductible.

For more information about our Renters Insurance policies and/or an application please contact CM&F Group at 1-800-397-3008, ext: 241 or via email on the "Contact Us" section of this site.