Renters Insurance in Fairburn, GA

Renters insurance, or tenant insurance, can offer financial coverage for personal property, liability and additional living expenses.

It can cover belongings such as clothing, electronics, furniture and other personal items that belong to the tenant. This type of insurance policy offers coverage up to the specified limit if these items are damaged or stolen.

Additionally, if a tenant is found responsible for a guest’s injuries or accidentally damages property belonging to a guest, it also helps cover medical bills and personal property.

If the rental unit becomes temporarily uninhabitable due to covered events (e.g., fire or water damage), renters insurance may also help cover hotel bills or other lodging costs.

Renters Insurance vs. Landlord Insurance

Landlord insurance typically covers the building itself but usually not the contents that belong to a tenant. Conversely, renters insurance can financially cover the tenant’s personal property inside the home but not damage to the home itself. Both types of insurance typically include liability coverage for medical payments if someone is injured on the property.

How Much Tenant Insurance Can a Landlord Require?

Many landlords consider it standard procedure to mandate renters insurance for tenants. This coverage can help financially safeguard landlords against claims arising from tenant accidents or incidents on the rental property. In essence, renters’ insurance offers a safety net for both parties. The required coverage varies, but the following are some standard guidelines:

• Personal property coverage—Landlords may mandate a certain amount of personal property coverage, which can be based on the total value of the renter’s belongings.
• Liability coverage—Landlords may require a specific amount of liability coverage to help ensure tenants are adequately protected.

How to Get Renters Insurance

Contact Guardian Insurance to discuss your renters insurance needs. We can offer tailored coverage suggestions based on your individual needs and the requirements set by your landlord.