Category: Renters Insurance

Not everyone desires to become a homeowner, which is why there are so many rental houses available. If you’re considering renting a home in Ankeny IA, you might have several questions. One of these questions might be when renters insurance is a good idea. Maschoff Insurance in Ankeny, IA is happy to assist,

What is Renter’s Insurance?

Renter’s insurance is similar to homeowners’ insurance, as it provides coverage in case you’re sued by someone who is injured while on your rental property or your belongings are damaged in some way. It’s peace of mind for the renter as well as the homeowner/landlord in case the unfortunate were to ever happen. 

When is Renter’s Insurance a Good Idea?

Whenever you’re going to rent a home, apartment, or another place to live, having renter’s insurance is always a good idea. Why? You can never predict when a storm might occur and damage your belongings or when a criminal might decide to burglarize your home and steal your personal items. Renter’s insurance will pay you for the value of your belongings at the time of the incident, which will enable you to purchase replacements for the damaged items. 

Consult With Us

As you can see, anytime you’re renting, renter’s insurance is a good idea. While some landlords require it, not all of them do. Even if your landlord doesn’t require that you have renter’s insurance, you might want to consider purchasing it. If you’re searching for a new insurance company, Maschoff Insurance covers Ankeny, IA, and we provide renter’s insurance among other types of coverage. Many customers like the option of combining insurance and saving a bit on their rates. Whatever your goals are, give us a call today so we can provide you with a quote. 

A lot of consumers aren’t aware of the numerous advantages that they can enjoy when they carry renters insurance. If you are a renter living in Ankeny, IA, you can purchase renters insurance from Maschoff Insurance.

It’s important that you understand the advantages you’ll get from renters insurance when you buy a policy.

The following are three advantages you’ll enjoy when you carry renters insurance:

Coverage for a temporary residence

If you face an accident that severely damages your rental unit, you might temporarily be unable to live in your home. When this happens, you need to find alternative housing.

One of the great features of renters insurance is that it will typically offer coverage for temporary housing. Your renters insurance policy can pay to put you up at a hotel or in another type of alternative housing until your rental unit is fixed or you’ve found another home. 

Liability coverage if you face a lawsuit

You can be held liable for damages if an accident happens within your rented home. Lawsuits resulting from accidents in your rental unit can turn out to be very expensive for you.

Renters insurance offers liability coverage so that the costs of any lawsuits you face as a renter are covered. 

Insurance coverage on personal belongings

An incident such as a fire in your rental apartment could destroy your valuable belongings. With renters insurance, you can be reimbursed for the value of personal belongings you lost after an accident damaged your rental unit. 

Reach Out To Us

Are you interested in getting a quote on renters insurance? Call us at Maschoff Insurance. We’re here to come to your assistance when you’re looking for renters insurance to cover your home in Ankeny, IA. 

Maschoff Insurance is an independent agency. We assist the Ankeny, IA community, as well as the surrounding areas. We are committed to helping our clients find policies to protect their assets. We work with multiple carriers across the Midwest. This allows us to offer our clients flexible policies that evolve over time. We look forward to assisting you.

Renters Insurance Policy Breakdown

If you are staying in a rental property in Ankeny, IA or surrounding areas, insurance helps protect your personal items. Renters insurance covers your possessions if they are stolen or damaged. It’s a good idea to take inventory of your possessions when you first move in, as they could help the replacement process run smoothly if an emergency happens. If you have any luxury electronics at your rental property, you can add extra coverage in order to fully cover those items if something happens to them.

Liability coverage is significant as well. Perhaps you plan to throw a party at your rental property and invite some friends over. Liability coverage protects you if one of your guests is injured at the party or damages your neighbor’s property. Perhaps you are cooking in the kitchen, and an accidental fire starts and spreads to your neighbor’s unit. This is another situation where liability coverage will protect you.

You can add loss of use coverage to your rental policy. This type of coverage gives you a safety net as you look for a temporary place to stay if your rental property is damaged by severe weather or another disaster. Be advised that flood damage is not a covered peril unless you amend your renters’ insurance policy.  

Maschoff Insurance Will Help You Protect Your Assets

Contact us today to learn more information about renters insurance.