It’s Your Stuff

“What are the odds?”
“My landlord has insurance.”
“I can’t afford renters insurance.”
Question: What if everything you own in your apartment or rental home was stolen or destroyed? Normally, your landlord’s insurance doesn’t cover your personal property. Would you have the thousands of dollars it could cost to replace all of your belongings? If your answer is no, you may want to consider renters insurance. Standard coverage typically includes:
Coverage for your possessions

• Based on the property you own, you choose the amount of coverage you want.
• Your personal property is covered anywhere in the world.
• Coverage is on a named-peril basis, which means that only losses resulting from causes listed in the policy are covered (subject to exclusions).
• For an additional premium, replacement cost coverage for your personal property may be available to pay for the cost of repairing or replacing lost or damaged items without deducting for their depreciation.

Additional Living Expenses

• Covers additional living expenses if a covered loss makes your living quarters uninhabitable.
• Coverage is based on a percentage of the amount of insurance you choose for your personal property, and covers the necessary increase in living expenses (hotel, meals, laundry, etc.) to maintain your normal standard of living for the shortest time needed to repair or replace the living quarters, or for you to permanently relocate, but only up to a stated period of time, often 12 months.

Liability coverage — If your guest or visitor is injured, or their property damaged because of an accident at your residence, you could be sued:

• At our expense, we will select an attorney to defend you from any covered claim or lawsuit.
• We pay for the covered damages from a covered claim or lawsuit if you’re legally liable for someone else’s bodily injury or property damage.

Medical Payments to Others (sometimes called Guest Medical)

• Pays for necessary medical expenses for people (other than residents of your household) accidentally injured at your residence, or accidentally injured elsewhere due to your activities or due to your pet, regardless of liability up to coverage limit stated in policy.

Call me for more information. Learn how you can pay a little to cover a lot with renters insurance from Farmers — and how you may be able to save money with Farmers’ auto/home discount.
Contact Me: Marianne Hobbs Insurance Agency 602.547.1970 OR http://www.farmersagent.com/mhobbs