What You Need To Know About Renter’s Insurance

What You  Need to Know about Renters Insurance Wenzel & Associates Insurance Offers Advice for Apartment Living Protection (St. Louis, MO) – Renters experience apartment theft 50 percent more than homeowners, yet nearly 70 percent of renters live without renters insurance, according to an Apartments.com national survey.

Apartments and home rentals can be a great option for residents not ready to make the leap toward home ownership, but taking the appropriate steps to protect their belongings is just as important for renters as signing their lease. That’s why Wenzel & Associates Insurance outlines the importance of renters insurance and why every renting tenant should be covered by an insurance policy.

“Although many landlords require renters insurance coverage from their tenants, there are some that make it optional,” said Jane Dwyer, president of personal lines for Wenzel & Associates Insurance. “Because of the high percentage of burglaries and the risk of damage due to other tenants’ actions, having renters insurance is a great safety net for tenants.”

Renters insurance typically covers furniture, appliances, televisions and clothing — all of which are identified as a person’s personal property inside the rental unit. If the items inside the unit are damaged due to fire, smoke or water damage, they’re covered under the renters insurance policy. Tenants should also consider policies that provide coverage for vandalism, malicious mischief and falling objects. “Since tenants have no control over their neighbors’ actions, it is very important that their policy protects against the unexpected, including objects falling from patios above your unit and any type of vandalism,” Dwyer said.

While looking for renters insurance, tenants should also confirm coverage includes personal liability. A crucial part of renters insurance, personal liability provides coverage for compensatory damages if a tenant is legally liable for another person’s bodily injury or property damage as a result of an accident.

“Accidents can happen when we least expect them,” Dwyer said. “Medical bills from bodily injuries can be expensive, but with proper renters insurance, you and your finances are covered.”

Wenzel & Associates Insurance offers comprehensive coverage under its carriers that offer renters insurance coverages to protect the items most important to tenants. To learn more or to speak with an agent, visit www.davewenzel.com or call us 636.394.9070

About Wenzel & Associates

Wenzel & Associates Insurance, is considered the premier, independent insurance agency serving the Greater St Louis area.  We are also lisenced in: Indiana, Illinois, Utah, Iowa, California, Arizona, Texas, Wisconsin, Colorado, Connecticut, Georgia, Kansas, Kentucky, Tennessee, and Nevada. Wenzel & Associates has been in business for over 30 years and continues to grow simply based on the premise that we are, ‘Covering You Better’.