You may think that a landlord’s insurance will cover you if you’re renting their home from them. But it actually does not cover damaged or stolen possessions of the tenant. To protect personal belongings in rental homes in Utah, renter’s insurance is needed.
KeyRenter is a Utah property management that takes care of the rental. If there are any questions or issues the tenant might have, they can ask them. They could refer you on renter’s insurance as well if you ask.
Renter’s insurance covers your property such as clothing, electronics, and furniture that gets damaged from natural disaster or from theft. It only covers limited amounts for expensive luxury items such as jewelry, collectibles, and furs. If you want these items more fully insured, then you should look for additional insurance that will cover these items.
Two types of coverage is offered through renter’s insurance. One form of coverage is giving the depreciated cash value of the damaged property. The other form is the replacement cost which pays the full amount of the damaged items. This is more costly than the first coverage, but covers more of value of your items.
There is also personal liability insurance. This protects you if someone falls or injures themselves at the rental property you live in. This insurance will pay for claims made against you. This is good to have in case someone does decide to sue you for injuries or damage. KeyRenter can assist in any legal issues for the landlord.
Insurance prices can vary with each company so be sure to do an insurance comparison which is easily done on several websites. Some of them have you fill out questionnaires so they can provide you the best insurance that fits your needs. It’s smart to know ahead of time what type of insurance you want so you can receive the proper protection on your items while renting.
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