Renters Insurance and Property Insurance you can trust
Whether you own your home or rent it you need homeowners insurance to protect your financial and legal interests. Renters insurance will cover your personal belongings and valuables for cents on the dollar. When you rent a house or an apartment in Orange NJ, Princeton, Trenton, Yardley or anywhere else for that matter, the landlord will be responsible for the main property insurance. But the property insurance will only cover the buildings and not your personal possessions. Property insurance will also not cover your liability in the event of an accident in your house or apartment.
As a tenant you need renters insurance to protect your personal possessions and to cover you against 3rd party claims that may result because of an accident or mishap in your home. 3rd party liability claims can run into millions and if you don’t have adequate renters insurance you can face all sorts of problems, even bankruptcy court. You also want to be sure your personal items are covered in the event of storm damage, fire, theft and similar misfortunes.
As a property owner your home and real estate is a substantial investment and often the biggest one in your portfolio. Just as there are numerous risks and dangers, there is also a vast array of home insurance policies, options and variations. You want to know you are covered for damage to your house, out-buildings, pool, fencing, landscaped garden, sunrooms and other physical structures and real estate valuables. In addition you need cover items such as:
- loss or damage to personal property
- additional living expenses when needed
- possible medical expenses
- personal liability and 3rd party claims
Whether you line in stand-alone 2 story mansion, a condominium, an apartment or mobile home, you need property or renter insurance to protect your financial and legal interests. You also need insurance you can trust and rely on. The best way to get that is to speak to professional insurance advisers such as AEI Insurance.