Renters Insurance

Many renters in New Jersey overlook the need for renters insurance. They think that because their landlord has insurance on the building, they are covered.

Unfortunately, what they may not realize is that the landlord’s insurance policy doesn’t cover the renter’s personal possessions. In addition, a landlord’s insurance policy won’t offer protection in the event that a guest becomes accidentally injured when visiting your apartment and serves a lawsuit for liability.

What is Renters Insurance?

Renters insurance can provide the financial protection you need in case your personal belongings are stolen or destroyed, as well as liability protection if someone is hurt in your apartment dwelling.

The policy provides coverage for damage or loss due to covered perils, such as lightning, windstorm, fire, smoke, accidental water damage, and theft.

In addition, most policies provide liability protection, which offers coverage for an injury another person sustains while in your apartment. This coverage may include medical payments coverage for the injured person’s medical expenses. In some cases, it also covers legal defense costs.

Examples of coverage include:

  • A thief breaks into your apartment and steals many of your belongings.
  • A guest slipped in your apartment’s kitchen and sustained injuries.
  • A pipe in your apartment freezes, causes water damage, and destroys some of your personal belongings.
  • The apartment building sustains a fire and your personal belongings are damaged.
  • Your toaster catches fire while you are at home making breakfast.

What Does Renters Insurance Cover?

There are 4 main areas that receive protection:

  • Personal property coverage that includes your valuables, such as furniture, jewelry, electronic equipment, clothes, and more.
  • Reimbursed living expenses helps to pay for living costs if your apartment is uninhabitable as a result of a covered loss. Reimbursed living expenses typically include a temporary place to live and food expenses.
  • Liability coverage helps to provide coverage for financial damages if someone sues you after becoming injured in your apartment.
  • Guest medical protection helps to provide coverage for the medical expenses of someone that is injured in your apartment.

Not sure how much your valuables and personal belongings are worth? We can lend a hand and help you estimate the value of the contents in your apartment.

Why Choose Donnelly & Sproul?

At Donnelly & Sproul, we have been providing Garden State residents and businesses alike with insurance for nearly 90 years. As a trusted and entrenched fixture in the New Jersey community, we understand the needs of our residents, including the renters in our community.

Here at Donnelly & Sproul, our New Jersey renters insurance policies offer renters the most affordable rates and comprehensive coverage through several highly rated insurance carriers.

Remember, you cannot rely on your landlord’s insurance policy because that only covers the building’s structure, and not your valuables, keepsakes, or personal property.

Find out just how affordable renters insurance from Donnelly & Sproul can be. Contact us for a FREE quote today and protect your personal belongings and valuables.