GEICO says renters insurance is the right move

WASHINGTON, D.C., Sept. 30, 2015 – Moving into your own place is a major step toward independence as well as new responsibilities. If you're thinking about renting an apartment, a single-family home or townhouse, the GEICO Insurance Agency asks you to look at renters insurance.

Take a moment to think about what's at risk in the event of an unexpected loss such as a theft, vandalism or fire in your home. Personal property and personal belongings are almost always the responsibility of the tenant. Most landlord policies only cover the building structure, loss of rents and liability of the general area.

Renters insurance protects renters well beyond what's covered in a basic landlord's insurance policy 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. It's always wise to have a basic understanding of what's covered in your policy as well as an estimate of the value of your items if they ever need to be replaced.

Renters insurance is one of the most affordable types of insurance policies. Your actual cost will depend on a number of factors, including how much coverage you need, the type of coverage options you choose, your deductible amount and where you reside.

For more information on renter's insurance, please visit www.geico.com/information/aboutinsurance/renters/.

GEICO (Government Employees Insurance Company), the second-largest auto insurer in the U.S., was founded in 1936 and insures more than 27 million vehicles.

To make changes, report claims, print insurance cards and purchase additional products, policyholders can log into their car insurance policy, connect via GEICO Mobile, phone or by visiting a GEICO local agent.

Homeowners, renters, condo, flood, identity theft and life coverages are written through non-affiliated insurance companies and are secured through the GEICO Insurance Agency, Inc. Commercial auto and personal umbrella coverages are also available.

Visit www.geico.com for a quote or to learn more.