Renters Insurance

  • WHAT IS IT
  • WHY DO I NEED IT
  • WHO IS IT FOR

Renters insurance provides you coverage for your personal property that may be damaged or stolen from your premises. There are no extensions of coverage included under a landlord’s policy. This inexpensive coverage also allows for additional living expenses and personal liability.

Renters should consider Renters Insurance if you are renting an apartment or residential home and looking to protect your belongings from loss, theft, or damage. A Renters Insurance policy also provides personal liability coverage for you in the event of a liability claim. Although Renters Insurance is an optional coverage, some property managers and landlords may require a renters insurance policy in your lease agreement.

For any individual who is renting an apartment or home looking for peace of mind and protecting their personal belongings with the proper insurance coverage.

Protect yourself & your property with a tailored renters insurance policy

LoPriore Insurance Agency offers renters insurance tailored to fit your individual coverage needs. You can choose from a variety of coverages and deductibles that suit you and your budget.  You can even design your own package by increasing coverage in areas that you select.  Discounts are available if you have an approved security system or other policies with us.

 
Renters Insurance - LoPriore Insurance Agency

COVERAGE DETAILS

Personal Property: This is the cost to replace or repair your property. Many covered items are part of personal property such as electronics, furniture & clothing. This coverage will extend to the limits of your policy. Not sure how to assess the value of your personal property, we can help make sure you have adequate coverage.

Liability: The liability portion of this policy offers coverage if you are deemed responsible for the damage to other’s property or the medical bills of a guest if you are responsible for their injuries.

Additional Living Expense: Should you be unable to return to your home, additional living expense will cover the costs incurred by hotel bills while your house remains unable to be occupied.

ADDITIONAL INFORMATION

One excellent option you can choose allows for replacement of all that you have lost – with no depreciation! With replacement cost on contents protection, you will not have to settle for less than what you had. Look at all the things you own and think about how much these items mean to you and how much it would cost to replace them. Imagine what a difference it would make to have a renters policy with the replacement cost on contents endorsement if the worst should happen.

FAQs

How much does renters insurance cost?

Renters Insurance is some of the most cost-effective coverage you can buy. Often there are discounts available for your automobile that can offset the purchase of renters insurance. Nothing beats knowing that in the event something does occur, you and your possessions have coverage for a potential loss.

How much renters insurance do I need?

Determining how much coverage you need can be a little surprising. Personal property coverage is built to cover everything that you own. While you may be thinking of big-ticket items you have in your home, the assessment should include all pieces of personal property. There are some limits under personal property coverage for things such as coins or jewelry under a standard renters policy, and our agents are prepared to discuss your particular needs.

Am I required to have renters insurance?

While not required per state laws renters insurance, most landlords and building owners are requiring insurance coverage as part of their rental and lease agreement to occupy the premises. Keep in mind this coverage is so inexpensive it is undoubtedly a good idea to purchase insurance coverage for your protection as well.

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    LoPriore Insurance Agency
    LoPriore Insurance Agency
    426 Main Street Suite 2
    Stoneham, MA 02180-2650
    Fax: 781-438-6790
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