If you think about your apartment like a box, the whole idea of content insurance will make lots of sense. Picture an very lovely wooden box, in the event you will. The box belongs to a business owner, who happens to let you rent it in order to store your most valuable items. Both you and the business owner are necessary to insure your parts of that box and its contents. You will insure what’s inside the box, and the owner will insure the actual box. So if a fire destroys both the box and the contents, then both insurance policies will kick in. If the box is broken in to and its contents are stolen, your insurance will cover the theft. If a thief takes a sledge hammer to the walls of the box but doesn’t steal any of its contents, then the owner’s insurance will cover the damages.
See the way it works? This is exactly what happens with content insurance for apartment renters. However, things can receive a small messy if, for example, the contents of the box destroy the box itself. In the event you, as a renter, are negligent that your property – an animal, a burning candle, or an overflowing tub – damages your apartment, you’ll need your insurance owner to cover the damages for the owner, which is why lots of landlords actually need their tenants to have renter’s insurance.
Also, as a renter, you need a way to protect the contents of that box that you happen to call home. In the event you owned your own residence, then your homeowners insurance would protect both your box and its contents, but since you don’t, you need a owner to protect your furniture, electronics, valuables, etc. This is where content insurance comes in. It’s usually affordable, and it offers coverage against fire, water, thieves, and more for your property that is in a place you don’t own.
Before you buy this type of insurance, though, make definite that you know exactly what you’re getting. Sometimes, content insurance will insure contents you own even in the event that they aren’t in the box at the time, so you can get insurance coverage on a laptop computer that gets stolen while you’re travelling. Details like these, though, can be difficult to tease out of an insurance owner, so it’s important to either talk to your agent or spend time taking a look at your owner to make definite you know exactly what you’re getting.
By: Rashid
See the way it works? This is exactly what happens with content insurance for apartment renters. However, things can receive a small messy if, for example, the contents of the box destroy the box itself. In the event you, as a renter, are negligent that your property – an animal, a burning candle, or an overflowing tub – damages your apartment, you’ll need your insurance owner to cover the damages for the owner, which is why lots of landlords actually need their tenants to have renter’s insurance.
Also, as a renter, you need a way to protect the contents of that box that you happen to call home. In the event you owned your own residence, then your homeowners insurance would protect both your box and its contents, but since you don’t, you need a owner to protect your furniture, electronics, valuables, etc. This is where content insurance comes in. It’s usually affordable, and it offers coverage against fire, water, thieves, and more for your property that is in a place you don’t own.
Before you buy this type of insurance, though, make definite that you know exactly what you’re getting. Sometimes, content insurance will insure contents you own even in the event that they aren’t in the box at the time, so you can get insurance coverage on a laptop computer that gets stolen while you’re travelling. Details like these, though, can be difficult to tease out of an insurance owner, so it’s important to either talk to your agent or spend time taking a look at your owner to make definite you know exactly what you’re getting.
By: Rashid
No comments:
Post a Comment