Renters Insurance in Tennessee

While renting a house or apartment within Memphis, TN typically helps you cut back on the financial hassles of owning a property. It does not set you free from the costs of protecting your possessions. Renting still comes with its share of responsibilities, with renters required to sign up for renter insurance. If you are unsure where to start, Riskbusters Insurance tackles standard policies that Tennessee tenants can get.

Personal Liability Coverage

Personal liability coverage protects you if you face a lawsuit related to bodily injury liability or property damage liability. If a visitor falls or trips and gets injured, personal liability coverage will help pay for the medical costs. If their property also gets damaged in your home, this policy helps pay for the repair costs. Personal liability coverage will also be ideal if you are sued for any of these incidents and will help pay for your legal fees and any damage costs awarded. Keep in mind that intentional acts of harm are not covered by personal liability coverage.

Personal Property Coverage

Personal property coverage protects your possessions when covered perils occur. These may be instances such as theft, vandalism, hail, or fire. Examples of property covered include clothing, electronics, and furniture. If either of these gets damaged, this policy will help repair or replace them based on the damage incurred. Expensive belongings such as art and jewelry may need extra coverage as these will often not be covered by this policy.

Loss of Use Coverage

Your house may need repair due to perils such as fire or hail so you will need additional living costs. Loss of use coverage covers these expenses and will pay for your accommodation fees, food, and transport expenses until your house is repaired.

To learn more about renter’s insurance within Memphis, TN, feel free to call Riskbusters Insurance today. Our Tennessee agents will take you through the above-listed policies.