Let’s look at an example.
You return to your apartment after a nice weekend getaway to find that your living room window is shattered! After further examination, you notice your laptop is missing and somebody has clearly gone through your things! Not the relaxing evening back at home you expected.
Assuming you have renters insurance with replacement cost coverage and your landlord has insurance on the building, here’s how things will likely play out:
Your landlord’s insurance may cover: The cost to replace the window and residual damage to your walls or floors.
Your renters insurance may cover: The cost to purchase a replacement for your laptop.
Without renters insurance, you are primarily responsible for any costs to replace your items. Your landlord’s insurance is there typically to cover the building, not your belongings.
Finding a renters insurance policy that’s best for you (and your budget) doesn’t have to take hours of comparison shopping. You’ve got better things to do!
That is why we work with local, independent agents. They are trained and licensed professionals that work with many insurance carriers, rather than just one. This means expert and personalized guidance for you and far less time researching.
Disclaimer: The analysis of coverage is in general terms and is superseded in all respects by the Insuring Agreements, Endorsements, Exclusions, Terms and Conditions of the Policy. Some of the coverage mentioned in this material may not be applicable in all states or may have to be modified to conform to applicable state law. Some coverages may have been eliminated or modified since the publishing of this material. Please check with Anchora Insurance for details.