living room of luxury apartmentWhether you are about to rent your first apartment or you are renting a home for your family, you need to secure renters’ insurance before signing a lease. To help you move into your new place with ease, our insurance agents in Naples, FL, are offering answers to some frequently asked questions about renters’ insurance.

What is covered by renters insurance?
The purpose of renters’ insurance is to protect all of your personal belongings in case something happens to your residence. Your personal belongings would include electronics, furniture, clothing, and more. You do not need to have coverage on the building itself, as the building’s landlord will have their own insurance to cover structural damage.

What are my possessions protected from?
When you have a renters’ insurance policy, your items are protected from fire, vandalism, and theft. You can never foresee when something like this will happen and destroy your belongings, so it is essential to be prepared and properly insured.

How much does renters insurance cost?
Compared to other types of insurance, renters insurance is inexpensive. While the cost of a policy will depend on the collective value of the property you are insuring, where you live, and your credit score, they often begin at about $100 a year.