I have often heard the term “renter s insurance”. What is it and who needs to purchase it?
A. Renter s insurance provides protection for your personal property, such as furniture, electronic and clothing. (The owners insurance typically only covers the structure). It also provides liability protection for you should you injure someone or damage that person s property. Anybody who rents his resident, whether it is an apartment, house, manufactured house or condominium may want to consider purchasing renter s insurance. Q. Last month our family dog bit a neighbor, and I turned the claim over to my insurance company. Now, I got a notice from my insurance company stating that they are going to non-renew my homeowners insurance. Can they do this? A. Yes. Under most circumstances companies are free to non-renew insurance policies. If someone has had multiple claims or the potential for additional claims the company will often non-renew a policy. If a company pays an insurance claim as a result of the actions of an animal kept on the premises, they may require the animal be removed
Related Questions
- Please explain laymans term if we were to employ a re-possessor, what is the extra device he needs to purchase to be disconnected from the system and to increase his efficiency?
- I have often heard the term "renter s insurance". What is it and who needs to purchase it?
- I have often heard the term "renters insurance." What is it and who needs to purchase it?
