4 DISASTERS COVERED BY RENTERS’ INSURANCE

There are a number of disasters that your landlord’s

insurance policy won’t cover.

DID YOU KNOW?

And guess who would be liable instead?

That’s right: YOU.

IN FACT: Landlord insurance policies typically only cover

damage to the structure of the building and certain

types of negligent situations, such as failing to treat

iced sidewalks to prevent a slip and fall.

PROTECT YOURSELF AND YOUR STUFF. Here are four disasters covered by

renters’ insurance…

Disaster #1

A BROKEN STAIR…

...LEADS TO A BROKEN WRIST.

GUEST INJURIES

If your actions or negligence leads to an injured

guest on your rented property, you’d be financially

liable to cover medical and legal costs. Most policies

come with $100,000 of liability coverage, but you can

get $500,000 liability coverage for about $20 more

per year.1

Disaster #1

1 – PropertyCasualty360

Disaster #2

AN UNATTENDED STOVE…

…LEADS TO A COOKING FIRE.

DAMAGE CAUSED BY YOU

For many renters, this is your first time living on

your own. Accidents happen. A cooking fire, a

flooded bathtub…renters’ insurance can protect

you when you accidentally cause damage to

your landlord and neighbors’ property.

Disaster #2

TIP:

Know your deductible and how it works. When

you file a claim, you must pay the deductible.

This can be as low as $100 and other times

much higher, such as $2,500. Make sure you’re

comfortable with the deductible amount stated

in your policy.

Disaster #3Disaster #3

A BACKDOOR BREAK-IN...

... LEADS TO AN EMPTY HOME.

THEFT

If you’re the victim of a burglary and your

personal belongings are stolen, renters’

insurance will help cover the cost to replace

what was lost.

Disaster #3

TIP:

Be mindful of replacement cost value (replacing

an item with a similar one) vs. true cost value

(replacement cost minus depreciation, or age

and wear, of the item) and know which one is in

your policy.

Disaster #4Disaster #4

A TORNADO WARNING…

…LEADS TO A DESTROYED HOME.

STORMS & OTHER DISASTERS

If you’re displaced by a storm or other natural

disaster, such as a hurricane or fire, renters’

insurance can help with additional living

expenses. This would allow you to find and

pay for temporary lodging and possibly

relocation services, if the building is deemed

uninhabitable.

Disaster #4

TIP:

If you live in a flood-prone or earthquake-prone

area, you should look into purchasing additional

insurance coverage specifically for floods or

earthquakes because these are not typically

included in a standard renters’ insurance policy.

Other Disasters

These are just four disasters that renters’

insurance will cover, and your landlord will not.

You may also want to ask your insurance agent

about identity theft coverage, or extra coverage

for hard-to-replace items like your engagement

ring or expensive equipment, which all fall

outside a standard policy.

TO LEARN MORE:CONTACT A LOCAL INDEPENDENT AGENTgrangeinsurance.com/find-an-agent

Please contact a local independent Grange agent for complete details on coverages and discounts. If the policy coverage descriptions in this slideshow conflict with the language in the policy, the language in the policy applies. Renters’ insurance policies are offered through Grange Mutual Casualty Company, Columbus, OH, and its affiliated companies. Grange products not available in all states.