It’s a shame that in this day and age, the minute someone gets hurt in our apartment, we often need to fear more for the impending lawsuit than the health of the person who is injured. Still, somebody needs to pay the medical bills after an injury, and In our litigious society, the injured person will often sue whomever they have to as long as they get the money they need. This is one reason why renters insurance is so important.
Renters insurance serves many functions. It protects your belongings from theft and damage, it protects you if structural damage from a storm or catastrophe and it protects you in the event that someone is injured in your apartment. In the case of an injury, your policy will probably cover the medical expenses of the injured party and any costs that result from a lawsuit, including your legal fees. The limit on the court award the insurance will pay is usually around $100,000.
Every insurance policy has different limits and exclusions, so you should never presume something is covered without checking your policy first. If you’d like to review your policy with an agent, which is always a good idea, contact us today. We will be happy to answer any insurance questions you may have, and if your renters insurance policy is not meeting your needs, you can even use our website to compare quotes and find the right policy for you.
