Just like a homeowner, a renter or landlord will likely want to have insurance to cover their assets and liabilities. What may not be so obvious is the difference in coverage between the two types of plans in Harrisburg, PA. This article will go over the similarities and what to expect with purchasing renters insurance. If you are in the market for something affordable, Henderson Insurance Agency is worth consulting with.
As expected, renters insurance is designed for occupants of a property that they do not own. The main difference to consider is that homeowners insurance centers around covering the actual structure while renters insurance has a focus on what goes on inside with the tenants. Keep in mind, while the owner is likely to have homeowners insurance, the renter will need their own renter’s insurance to cover themselves. Since the
Personal property is always covered by renters insurance but there are always limitations. For example, an insurance policy may specify the limitations of losses of collectibles or jewelry up to a certain dollar amount. Things like fixtures, furniture, and damage to indoor plumbing may also be included in some policies.
Now that you know the difference between these two forms of insurance, you may make an informed purchase. It is not obligatory to have renters insurance in Harrisburg, PA, but it is always a good idea if you invested a significant amount in the belongings that you keep in your rental property. If you would like to get a quote, consider Henderson Insurance Agency to see if they have a price that is right for you.