RENTERS INSURANCE:
Per the terms of your lease, all HRM LLC properties require Renters Insurance. This is 100% for your benefit and offers great protection when the "unexpected happens" and costs as little as $12 per month. Link to get a quote is at the bottom of the page.

What does renters insurance cover and how does it work?

What does renters insurance cover?

If you're a renter, you may not think you need insurance at all. (Your landlord already has insurance on the building, right?) But you may not realize that your landlord's policy doesn't cover any of your personal property. What would happen if:

Your apartment building burned down
A thief broke into your town house
A guest slipped and injured himself in your kitchen
The home you're renting suffered water damage

A renters insurance policy protects you and your belongings from the unexpected. Think about it, could you afford to replace all your personal items if they were destroyed in a fire? A renters insurance policy can help cover the expenses, up to your limits, to help replace your personal property and help you with temporary living expenses if your apartment is damaged by a covered loss and you cannot stay there.

Renters insurance also provides coverage to help protect you against claims that others make against you. This is called liability coverage and can help cover medical expenses and/or legal fees if someone is injured on your property.

What does renters insurance protect?

Too often, people think they don't have enough property to make a renters insurance policy worthwhile. But take a minute to think about what you own, and what you've got to lose, including:

Clothing
Furniture
A television or entertainment system
A computer
Musical or sporting equipment
Jewelry

When does renters insurance apply?

Your renters policy will state exactly what you're insured against. In the insurance world, it's known as "named peril" coverage.

What are some named perils your renters policy may cover?

Fire or lightning
Windstorm
Smoke
Vandalism or malicious mischief
Theft
Accidental discharge of water
Other common loss types

Your coverage will also include liability protection, which generally covers injury to another person on your property. If necessary, your policy can even pay for your legal defense in these circumstances. Many landlords actually require tenants to purchase renters insurance with specific liability limits, especially if they own pets.

Additionally, your policy will include medical payments coverage that pays for medical expenses of people who don't live with you, but who are injured on your property.