Renters Insurance Near Me
Belongings Hold Your Precious Memories So Make Sure They’re Safe.
If you rent an apartment, house, condo, or even a dorm room, you may not think you need renters insurance. But in the event of a fire, theft, or vandalism that damages your personal property or causes a property loss to the dwelling, it’s unlikely that your landlord will pay to replace your belongings and will want to be compensated for the loss to his property.
At Mountain Insurance-Montrose, we know that you’ve most likely invested a lot of time and money in your personal property, and it’s up to you to take care of it. Having a Renters Insurance, or an apartment renters insurance policy can pay for the cost of replacing your belongings if they are damaged due to a covered cause of loss, an accident, or if they’re stolen.
Depending on your insurance policy, your insurance company will pay to replace items using one of two methods: Actual Cash Value (ACV) or Replacement Cost. With ACV coverage, your belongings are insured only for the amount in which they are currently worth, while Replacement Cost will pay for the expense of replacing the items with brand new ones.
Additional Renters Insurance Options
Also included in your Renters Insurance is Liability Coverage to safeguard yourself from injury claims that occur in your home. If someone gets hurt on your property, your renters insurance policy can pay the related medical payments and expenses, and provide for the cost of legal support if you are sued.
In the event that a fire or other damage makes your residence uninhabitable and places you in a “loss of use” situation, your Renters Insurance may temporarily reimburse you for the cost of another residence in which to live.
You may be unsure of how to get renters insurance so contact our insurance agent at Mountain Insurance-Montrose. We are committed to working with you to design a renters insurance policy that ensures you get the options you want at a price you can afford. We write renters insurance policies with Nationwide, Liberty Mutual or Safeco, Allstate, the Hartford, Progressive, State Auto, Metlife and more.