RENTER'S INSURANCE HELP
Disclaimer: The information on this page is for reference only Please contact your insurance agent for clarification on all your insurance questions!

Why do I need Renter's Insurance?
	One of the greatest mistakes a renter can make is to assume there is very little to insure. Consider the following: What would it cost to replace your entire wardrobe? Your furniture? Your television and stereo? Your other small appliances, like vacuums and microwaves? Your jewelry? Your landlord's insurance policy covers the building and your landlord's possessions – not your personal belongings. How would you handle replacing all of these items at once? You shouldn’t assume that your own belongings are covered by a landlord’s insurance on the structure. In the event of a fire, theft, or other tragedy, there are few, if any, provisions for tenants in the policy covering an apartment structure or other rental property. Renters Insurance, also known as Tenant Insurance, is the simplest way to protect your belongings, and it carries these other benefits: Cost-effective – Think of how much you’re protecting for just pennies a day. Multi-line discount – When you have both auto and property policies through the same insurer, you can receive discounts on one or both policies. Personal Protection – If someone accidentally hurts him/herself in or near your home, and decides to take legal action against you, a renter’s policy can provide the personal liability protection you need. Nearly 65% of all renters do not have any coverage for themselves. NOTE: SOURCE: slightly modified from http://nwinsurance.nationwide.com/nwarticles/featurestory.asp?key=984
*** HELPFUL ARTICLE: From the Internet Edition of “The Call” "Renter’s Insurance Covers Personal Belongings That Your Landlord Does Not"
	"If your apartment burns down or is burglarized, would you have the money to replace your personal belongings? Most renters do not realize that their landlord’s insurance only covers the building structure and not tenants’ belongings. Renter’s insurance is available to protect personal belongings from fire, theft, vandalism and damage from plumbing. Renter’s insurance can also cover more than personal belongings. Options are available to cover the renter if a guest is injured while in the apartment or if the policyholder or a member of their family cause damage to another property. There are also options to cover reasonable increases in certain living expenses necessary to maintain your normal standard of living, for up to the amount of time specified in the policy, if a covered loss makes your residence premises inhabitable. "Most people need to be educated about the advantages of renters insurance," says Allstate agent Monte Owens. "Renters are surprised to learn just how much they risk losing without proper insurance for both their personal belongings and personal belongings and personal liability." Below are some additional facts and figures from Allstate Insurance Company regarding its renters policy: • A burglary occurs every 10 seconds and according to recent FBI statistics, two of every three burglaries occur in homes, condos or apartments with an average loss of $1,004 per residence. • Coverage can be provided to cover theft whether at home or away from home. This coverage includes protection against robbery, pickpocket theft and even credit card loss, forges checks or counterfeit money. • Two discounts available to renters include 55 and older and protective device discount. The protective device discount is available for renters who have a fire extinguisher, smoke alarms, burglar alarms or dead bolt locks. This includes a discount to renters who live in building that provide 24-hour security personnel. • Your renter’s policy can be enhanced to increase your coverage for certain losses by allowing you to help tailor coverage based on your needs, for such items as jewelry, silverware and personal computers. Coverage and discounts are subject to availability and qualifications. Other terms, conditions and exclusions may apply."