Personal Property Protection for Georgia and Tennessee Renters
If you rent a home or an apartment, you need renters insurance. Do not assume that your landlord’s property insurance provides any coverage for your belongings inside of your rental unit. It doesn’t! If you want any type of insurance coverage for your personal property, you need renters insurance.
Renters insurance provides coverage for lost, damaged or stolen personal possessions. It also provides liability protection for injuries to other parties that occur in your rented home or apartment.
Renters insurance does not provide any coverage for the physical structure of the building in which you live; that is the landlord’s responsibility. You are responsible for obtaining coverage for your belongings. Renters insurance provides financial reimbursement for a tenant’s lost or damaged possessions as a result of a fire, theft, vandalism or other covered event. Like homeowners insurance, it may also provide compensation for temporary living arrangements in the event that your rental unit becomes uninhabitable due to a covered event. In addition, you can also obtain additional coverage beyond the policy’s stated limits for valuable jewelry, antiques, collectibles or other high value items.