You already know that GEICO is one of the nation's leading auto insurers. Did you know that we can help you protect your personal property, too? Take a moment to learn more about renters insurance below, then get a free rate quote today!
You rent the house or apartment where you live, so why would you need insurance? Isn't that just for homeowners? Not necessarily - it's important for everyone to have property insurance; a renter's insurance needs are just different than a homeowner's.
The homeowner's (or commercial property owner's) insurance policy that covers the physical dwelling you live in does not cover your possessions inside of the building. A renters insurance policy (also known as a tenant's policy) provides protection for your personal property, such as furniture or electronic equipment, in case of perils like fire, theft or wind damage from a hurricane.
Though you may not own the building, liability protection should still be on any careful renter's list of insurance concerns. Unintentional bodily injury or property damage that you cause to others could be as financially damaging to you as a fire in your apartment. Liability protection against accidental occurrences (such as a visitor slipping on your wet kitchen floor and breaking an arm) comes standard with renters insurance policies.
Compared to the amount of property you could stand to lose in the event of a severe loss at your residence, renters insurance is cheap. You can get an online renters insurance rate quote and see for yourself how reasonable this coverage can be. You can also get a quote over the phone by calling us at 1-800-841-3005.
Renters policies provide "named peril" coverage, meaning the policy states specifically what you are insured against.
Some of the named perils are:
Nine other common loss types are included in tenant's insurance policies.
Your coverage will include liability protection, which covers damages as a result of unintentional bodily injury or property damage to another person. If necessary, a renters insurance policy may even pay for your legal defense in these circumstances.
Your renters liability coverage also includes Medical Payments coverage, which pays for medical expenses of nonresidents – someone who doesn't live at the rental property you've insured. At geico.com you can get a quote online to see just how affordable all these valuable coverages can be.
Please call us at 1-800-841-3005 to discuss your coverages, pay your bill, or make other changes. You can also access some services online.
Please note:
The above is meant as general information and as general policy descriptions to help you understand the different types of coverages. These descriptions do not refer to any specific contract of insurance and they do not modify any definitions expressly stated in any contracts of insurance. We encourage you to speak to your insurance representative and to read your policy contract to fully understand your coverages.
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