KORE helps to protect you and your belongings from unforeseen losses.

Many first-time renters assume that their landlords are responsible for providing insurance on the property. While the property owner should have insurance on the building or structure itself, they are not responsible for insuring the contents of your apartment or other rental unit.

As a result, if something happens to your rented home, the landlord’s property insurance policy would cover the loss of the building. However, unless you had your own renters insurance policy for the property, you would not have any coverage to replace your furniture, electronics, jewelry, clothing and other personal belongings lost in a claim.

Renters insurance is a very affordable type of coverage. The cost for your policy will depend on a number of factors, including where you live, how much coverage you choose and which policy options are included.

Renters insurance typically covers a broad list of “perils” that can result in losses, including:

  • Fire and smoke damage
  • Lighting damage
  • Explosions
  • Falling objects
  • Theft, vandalism or malicious mischief
  • Damage caused by vehicles, including aircraft

Without renters liability coverage, you expose yourself to being responsible for these incidents and make yourself vulnerable to a potential lawsuit.

Your landlord may require you to have a minimum level of renters insurance coverage. Usually this is a requirement of the lease. KORE can help you determine whether minimum coverage amounts are sufficient, or you may need higher coverage levels to protect yourself and your belongings from unforeseen loss.