Renter’s insurance, also known as an HO-4 homeowner’s policy, is not required if you rent an apartment in Miami, FL. You may, however, find yourself out of luck if something happens in your unit while you are depending on the landlord’s insurance to cover your loss.

A landlord’s assurance plan is designed to protect him when tragedy strikes. The policy does not cover damages to your property. At B & G Insurance, one of our agents can explain the details about renter’s insurance and help you better understand why you need a policy in Miami, FL. Read on to learn more about what renter’s assurance may cover.

Theft is covered by a good renter’s insurance plan

A thief comes and steals your most prized possessions in the middle of the night. You can be sure that the landlord will tell you that your loss is not his issue. A renter’s insurance plan can provide compensation for the items that were stolen so that you can begin to get your life back on track.

Renter’s insurance pays for property damage and bodily injury

You are responsible for broken windows and other damages to the unit that you rent. A renter’s assurance policy works to ensure that you meet your financial obligations by covering property damage. A good policy may also pay for bodily injury in the instance of one of your guest getting hurt at a gathering held in your unit.

Renter’s insurance offers versatility

Some plans let you transfer coverage when you move out of one unit and into another. Renter’s insurance can also be tailored to fit your needs. You can get as much, or as little, assurance as you desire.

An agent at B & G Insurance can help you find the renter’s assurance plan that works best for your situation. Give us a call today to get started with a quote!