Property Insurance

3 Little Known Facts About Renters Insurance

An increasing number of retirees and the fluctuating economy have caused the number of renters to grow in the area of Palm Beach, Florida. There are several things you should know about Palm Beach renters insurance whether you already live there or are considering making that area your future home.

1. It Covers Some Costs Related to Weather

The variable weather conditions in Florida make having renters insurance crucial. This type of insurance covers damages from incidents like:

  • Lightning
  • Windstorms
  • Hail
  • Fire

It can also pay for your cost of living if you need to relocate while your home is being repaired. Some natural disasters are excluded, so make sure you know what your policy covers.

2. Your Property is Covered Outside of Your Apartment

Many people in Florida travel frequently. Palm Beach renters insurance can take care of things like stolen luggage while you’re on vacation and items taken from your car. If you move to a different area of Florida, some policies will even provide coverage for your belongings while you move.

3. Discounts Are Available

You can receive a reduced premium if you combine your renters and auto insurance, or have deterrents in your home such as:

  • Burglar alarms
  • Deadbolts
  • Sprinkler systems

Even at full price, renters insurance is inexpensive, especially compared to the replacement and repair costs you could face.

As a renter, there are many conditions out of your control, especially in Palm Beach. Having renters insurance can keep you prepared for whatever comes your way.