Get free, no obligation quotes from multiple providers

What People Are Saying

Thanks for making it easy to find the cheapest renters insurance. Knowing our stuff is always protected gives me peace of mind.

Matt and Bethany, Charleston SC

State Farm Insurance Allstate Insurance Farmers Insurance American Family Insurance Unitrin Insurance Travelers Insurance

RENTERS INSURANCE LIABILITY

Renters insurance liability is one of two main portions of coverage available in a renters insurance plan. Though it probably is not as well known to those outside the industry as property coverage, liability is nonetheless just as important an area of protection for covered policy holder, if not more so. Its financial basis for protection on a default plan is more extensive than your property policy. This means you get a higher monetary limit of protection from your liability plan. It can come in handy in various situations. Some people shop for renters coverage with the intent of protecting the things they own against uncompensated loss. There is nothing wrong with this way of thinking. But an equally important consideration is the protection from civil cases stemming from accidents and other events that could occur in and around your rented home. Renters insurance liability is an extremely important area of protection and its contribution to the overall policy should not be overlooked.

Liability Plans under the Radar

The liability portion of your insurance policy is extremely important even though many of never think about it before an accident or other event at our house or apartment to force us to do so. These plans fly under the radar in a renters plan because for many of us, the property protection seems more important when we first sign on for coverage. But property policies at default levels do not contain nearly as much monetary protection as your renters liability policy does. Therefore the property coverage is not as valuable dollar for dollar. A renters insurance liability plan can save you from tremendous financial hardships if you are ever liable for a civil judgment stemming from an accident or other covered event at your rented home. There are many different potential events that would be covered under the terms of a rental insurance agreement.

Protection When You Need It

If a guest at your condo or townhouse is injured from a slip and fall or from any other accident, he or she may require medical care to deal with the injuries, possibly including medical transport and a hospital stay or rehabilitation. Your renters insurance liability coverage is set aside for just this type of covered instance. If the injured victim's medical coverage doesn't pay for all the costs of treatment, it is quite possible they could come after you for payment, even going as far as suing you in civil court for medical costs, lost wages, and pain and suffering. If you do not have any protection from these sorts of liabilities, you will be responsible for paying the sum total out of pocket. Your wages could be garnished or assets taken from you in certain cases to satisfy the judgment. Better to simply have a trustworthy and dependable renters insurance liability policy to be there for you when trouble arises.

For a small annual fee, you can get quite a nice chunk of coverage. Many plans start at $100,000 in protection or somewhere in that as a default, and you are able to increase this total for an additional fee if you so desire. This level of protection would be more than enough to deal with the majority of these types of cases. If it is insufficient to pay all the damages, your policy will still pay up to its limits and you would only be responsible for excess charges above and beyond those limits for cases arising out of your condominium or loft. The premium you pay for this coverage is a bargain given the protection it provides you and your family.

Do Not Overlook Benefits

Getting a good deal on renters insurance liability is important, but do not overlook benefits in the name of a low price when it comes to your renters insurance. Renters insurance liability is important to people of all ages from a student to a senior citizen. You need to make sure you attend to your insurance needs and not worry only about the bottom line. A cheap policy will do you no good when a claim situation arises. This is as true in the liability end as it is with the property portion of your insurance.

Renters insurance liability is probably the more overlooked of the two major areas of protection included in a policy. But even so, its importance cannot be overstated. Most of us could ill afford to deal out of pocket with a situation in which we were deemed liable for financial damages as a result of cases transpiring in our rented homes. Most renters these days live hand to mouth as it is. Protect yourself from crippling financial burdens and shield your family from unnecessary stress with a good renters insurance liability policy you can trust.