GEICO says renters insurance is a smart move

Washington, D.C., May 10, 2013 – So you've taken the next step and decided to be on your own. Getting your first place brings an abundance of personal freedoms as well as new responsibilities. If you're thinking about renting an apartment, condo, single family home or townhouse, GEICO asks you to take a look at renters insurance.

Renters insurance is one of the most affordable types of insurance policies and protects renters well beyond what’s covered in a basic landlord’s insurance policy. Most landlord policies only cover the building structure, loss of rents and liability of the general area. Renters insurance goes a step further and provides multiple coverage options for personal property, liability, loss of use, medical payments and optional coverage for more valuable items such as furniture, televisions, clothing, jewelry and computers.

"Personal property and personal belongings are almost always the responsibility of the tenant," said John Zinno, president of GEICO Insurance Agency. "Renters insurance offers peace of mind and protects your items in the event of an unexpected loss such as fire, theft, water damage or personal injury."

Additionally, renters may be eligible for a discount if your residence is equipped with an interior sprinkler system, smoke and burglar alarms and onsite staff or security. Some renters insurance will not cover losses resulting from flood or earthquakes. Be sure to ask about additional coverage if you live in an area prone to natural disasters.

Zinno noted that all renters should have a basic understanding of what isn't covered in their policy as well as an estimate of the value of their items if they ever need to be replaced. "In the long run, it’s all about protecting your personal property."

The GEICO Insurance Agency encourages renters to research pointers to learn about some of the endorsements and limits included in a renters insurance policy.

For more information on renter’s insurance, please visit

The Insurance Information Institute (I.I.I.), also offers a new disaster preparedness communications app titled, Know Your Coverage. The app is an interactive quiz that guides users through coverage options under a typical homeowners or renters policy.

GEICO (Government Employees Insurance Company) is a member of the Berkshire Hathaway family of companies and is the second-largest private passenger auto insurance company in the United States. GEICO, which was founded in 1936, provides millions of auto insurance quotes to U.S. drivers annually. The company is pleased to serve more than 14 million private passenger customers and insures more than 23 million vehicles (auto & cycle).

Using GEICO's online service center, policyholders can purchase policies, make policy changes, report claims and print insurance ID cards. Policyholders can also connect to GEICO through the GEICO App, reach a representative over the phone or visit a GEICO local agent.

GEICO also provides insurance quotes on motorcycles, all-terrain vehicles (ATVs), boats, travel trailers and motorhomes (RVs). Coverage for life, homes and apartments is written by non-affiliated insurance companies and is secured through the GEICO Insurance Agency. Commercial auto insurance and personal umbrella protection are also available.

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