Philadelphia Renters Insurance
While your landlord’s insurance covers the building, it doesn’t cover your belongings. It may surprise you to know that the average renter purchases approximately $35,000 in coverage for their possessions. With a renters insurance policy, your possessions are protected in and out of your home.
There are two main kinds of coverage’s that are included. Property insurance coverage protects your contents like clothing and furniture. It also insures property you take with you while away from home. The second is liability insurance which pays for bodily injury and property damage caused by an occurrence for which you are legally liable. Our policy also includes medical payments coverage which may pay medical expenses for people who are on your premises and accidentally injure themselves. Another benefit which is included is inflation coverage, which automatically increases the amount of insurance on your property as inflation increases the cost of replacement.