Renters Insurance in Florida

Why You Should Have Renters Insurance in Florida

When renting, especially in a building that consists of several other units, you can be susceptible to the mistakes of other renters. Fire can spread quickly through an apartment, or other damages can occur. With renter’s insurance, your belongings will be protected.

Types of Coverage

There are different types of renter’s coverage to protect your belongings. Your belongings will typically not be protected under the landlord's insurance policy. These coverage types can be bundled, but ask your agent at B & G Insurance, serving Miami, FL, for clarification

• Coverage C: This type of coverage will protect your belongings, whether they are on or off the property, and provide coverage for guest items that are located on the rental property. There are limits on some things, like specialty art collections or computers.
• Coverage D: This coverage will provide payment if your rental unit is unlivable because of a covered loss. This coverage will help you pay for living expenses and alternative housing while repairs are being made on your unit.
• Coverage E: This type of coverage will protect you against liability if someone were to file a lawsuit against you, such as a friend hurting his or her ankle on a loose step. Even if the lawsuit is false or fraudulent, this liability coverage can help with defense costs.
• Coverage F: With this coverage, medical payments to others that aren’t living at your residence will be covered if they are injured on your property or by a family member that lives with you.

Keep in mind that renter’s insurance won’t cover everything. Certain dog breeds aren’t included, and neither are bug infestations, including bed bugs.

Are You Required to Have Renters Insurance?

Even though it’s not a legal requirement in Florida that you have renter’s insurance, some landlords require this in your rental agreement. Landlords can require this because it makes it so that no matter what happens on the property, either your insurance or their insurance will cover damages.

Contact B & G Insurance, serving Miami, FL, to get a quote on renter’s insurance.