Renters insurance protects you, your belongings, and your guests if you rent an apartment or house in New Orleans, LA. This policy allows you to cover expenses outside the homeowner's coverage once a disaster occurs. Below, MultiSurance breaks down essential covers listed under renters’ insurance.
Your house may occasionally suffer damage from perils such as fire and hail, rendering it uninhabitable. Additional living expenses coverage would be ideal for such an incident, providing compensation for extra costs incurred. This includes accommodation expenses, travel, and meal expenses.
If disasters such as vandalism, theft, lighting mishaps, and hail occur, your personal belongings will likely suffer significant damage. Personal property coverage takes care of expenses related to the repair and replacement of your items. Examples of property covered by this policy include electronics, furniture, and clothing. Unfortunately, belongings such as expensive jewelry and art are excluded from this cover. With this in mind, consider getting additional coverage to protect these valuables.
Liability coverage protects you when you are sued for legal costs arising from bodily and property damage costs. If your guests fall into your apartment and get injured, this policy will help you pay medical costs comprising consultation expenses, ambulance fees, and x-ray charges. It will also come in handy if your visitors are bitten by your pet.
Property damage liability will kick in when your guest's property gets damaged in your residence. It will help pay for repairing and replacing items such as electronics, eliminating out-of-pocket costs. If you are also sued for failing to provide adequate compensation for these incidences, liability coverage will pay your legal fees and the damages awarded.
If you need help figuring out an ideal policy for your New Orleans, LA house, make it a point to call MultiSurance for more information on renters’ insurance.