If you rent an apartment, you might believe your belongings are protected by insurance. After all, the landlord has to have insurance on the apartment building, right? However, this insurance does not protect you at all. Usually, this type of insurance covers the structure of the complex, as well as a few other areas. It might even cover the structure of your apartment. It will not protect your belongings, though. Apartment contents insurance is what you need.
The amount of insurance you need depends on the value of the contents you own. If you have a lot of valuable items, like collectibles or antiques, then you should invest in more insurance.
Yes, you definitely need renter's insurance if you will be living in an apartment. In case of a fire or damage to the apartment, the building owners insurance will not cover your property. You need your own insurance for your things.
Companies that provide home insurance can also provide insurance for the contents of a home. Most home insurance policies include insurance for the contents and extra insurance can be added for things like jewelry. Renters insurance is also available and insures just the contents for those who rent or lease and do not need to insure the home.
Home contents insurance is the type of insurance that a renter would take out. He or she would not be in need of insuring the home, per se, but would want to protect his or her own belongings.
Generally no. You need "all risk" contents for that to be covered.
If you die, your estate does not need to keep renting the apartment. You could purchase term insurance with your co-signer as a beneficiary so that any expenses you leave behind could be paid. It would not need to be specifically for the apartment.
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Contents insurance covers everything you would take if you moved. It is good to have if you have a fire or someone burglarises your house because you get the amount it's worth back.
Basic contents (non-scheduled) provides coverage for household furnishings and fixtures. Scheduled contents can cover anything you choose to schedule for coverage. It may be best to contact your insurance agent and ask if your computer is covered under your basic contents or if you need it to be scheduled for coverage.
If you rent an apartment, you don't need homeOWNERS insurance, but you you definitely need Renters Insurance, which is a form of homeowners insurance. Most renters' policies will protect your personal belongings from perils such as theft and fire. It will also reimburse you the cost of additional living expenses if your apartment or rented home is damaged by a covered peril. A renters policy will also give you liability insurance; don't thnk for a minute that if someone falls in your apartment that only your landlord will be sued. If your dog bites someone, it will also protect you if you get sued.
Not for the building fabric - that should be the landlords responsibility, but you would benefit from contents insurance (in case you are robbed etc.).
Building and contents insurance is contained within property insurance. Those in need of it would go to an insurance agent like Liberty Mutual and have their assets and needs evaluated. Then, one would be given a cost and value for the desired coverage.