Why Do You Need Renters Insurance in Florida?
Life is often defined by the unexpected—especially if you live on rental property. What are your upstairs neighbors doing? What was that loud BOOM! from the apartment next door? You can neither control nor predict what your neighbors do next. Neither can you control the weather or mishaps like accidental fires or other kinds of accidents and calamities. And sometimes even the most stringent precautions won’t prevent you from falling victim to theft and/or vandalism.
That’s why having renters insurance in Florida is so important to protecting your assets and personal property. Your landlord likely carries some degree of tenant insurance, but this coverage is bare-bones at best and will reimburse you for almost nothing at worst. Without doubt, landlord insurance provides zero reimbursement for your personal stuff (like costly electronic and clothing) or injuries to guests visiting your home, which can leave you venerable financially.
Why Renters Insurance? Your Assets Are Probably Worth More Than You Realize
Because you’re a renter—not a homeowner—you might believe you don’t need renters insurance; you simply don’t have sufficient assets—or so you think. For most people, this kind of thinking represents a false sense of security.
In fact, the average tenant owns more than $35,000 worth of personal possessions, most of them kept onsite in the rental unit. And $35,000 is just an average; many tenants own significantly more, while others own significantly less. Regardless, it’s almost a certainty that none of your possessions will be covered by landlord insurance.
So ask yourself: If an unexpected disaster or accident destroyed all the personal possessions in your rental unit, do you have $35,000 cash to replace them? What about $20,000 or $25,000? What about $50,000 or more?
If your answered "no" to these hypotheticals, it’s time to buy renters insurance or, maybe, to increase your coverage amounts.
What Does Renters Insurance Cover?
A solid Florida renters insurance policy will protect all your valuables from damage and theft, pay medical bills if guests are injured in your place, and cover liability expenses if you're caught in a lawsuit. Those funds make it easier to recover and get back to life-as-normal.
A renters insurance policy protects you and your family from fires, wind and hailstorms, lightning strikes, theft, and other unforeseen events, including aircraft and motor-vehicle accidents—even riots. With proper renters coverage, you’ll be reimbursed for losses incurred from an unexpected disaster.
Are There Any Renters Insurance Exclusions?
Like other insurance policy types, renters insurance also excludes coverage for specific types of events:
• Earthquakes and mudslides
• Natural deterioration and neglect
• Birds, rodents, insects, and domesticated animals
For a Free Renters Insurance Quote, Contact Llewellyn Insurance Services
Shield your assets against the unexpected with renters insurance from Llewellyn Insurance Services. If you’re shopping around for renters insurance in Sarasota, Pinellas, or Manatee County Florida, we’d be delighted to hear from you. As an independent insurance agency in St. Petersburg, FL, we partner with numerous insurance carriers, meaning we can do the shopping around for you!
We’ll answer all your questions about renters insurance to help you make informed decisions about coverage. For a free renters insurance quote, call Llewellyn Insurance Services today at (727) 894-5555. For a free online Florida renters insurance quote, fill out the quote form on this page.