Although not regulated by law, tenants’ insurance is important because it can protect property, furniture, clothing and small things to prevent disasters or theft. In addition, it also includes temporary housing and loss caused by liability protection or negligence. If someone slips on the ice or banana peel outside your door, you must receive treatment immediately, and your insurance will be responsible for his or her examination and medication. If he decides to sue you, your tenant’s insurance policy will cover you.
What does the insurance policy specifically include?
• Personal property
Most of the lessor’s policies protect your property from disasters and other uncontrollable events. Therefore, it is wise to make policies if you live in communities prone to flooding or near fault lines. However, some types of goods can only be insured within a certain limit specified by the insurance company. Therefore, if you own expensive jewelry and other valuable property, you should consider adding personal belongings insurance policies to existing tenant insurance policies.
• Responsibility
In addition, your insurance policy also includes compensation for any personal injury or property damage caused by your negligence. The renter’s insurance does not cover commercial pursuits, anticipated personal injury and vehicle related injury or damage.
• Loss of use
This part of the policy covers living expenses, such as food, hotel and other expenses. If you have to leave after an accident at home. The expenses incurred during the repair of your house will be reimbursed.
These are the basic components of the tenant’s insurance policy. If necessary, you can add other types. You say? Payment of medical expenses to others “. Insurance policies, credit cards, bank forged insurance and other people’s property”; News report
