Think you know what Renters’ Insurance covers? In the US there are more than 43 million renter-occupied units yet only 41% buy renters’ insurance according to an Insurance Information Institute poll.
Take this Renters’ Insurance QUIZ and test your knowledge.
TRUE OR FALSE: A Renters’ Insurance policy….
Is not needed because the landlord’s insurance policy will pay for a renter’s personal belongings lost in a fire or theft. T or F
Will pay your extra expenses if you are forced to temporarily move out of your unit after a covered loss. T or F
Will replace your Personal Property items, but only while inside your unit when stolen. T or F
Will pay medical expenses for a guest that is accidentally injured in your unit. T or F
Provides Personal Liability protection for you or any family member living with you if an accident causes injury or property damage to others anywhere in the world. T or F
Is expensive and costs as much or more than Auto Insurance. T or F
NOTE: Renters’ or Tenants’ Insurance refers to the typical HO-4 Policy Form available from all major insurance companies. For specific coverage information and a quotation for your individual insurance needs, you are invited to Contact Us at AMERICAN INSURANCE and speak to one of our helpful agents.
The content of FAQ articles are general in nature and are not intended as a substitute for professional legal, financial, or insurance counsel for individuals. Insurance coverage forms vary by issuing company and by state. For specific advice contact us.
