Everyone is aware of the renters’ insurance policy but two third of the renters are still uninsured. The insurance costs are less than many of your petty expenses, but the numbers of insured people are quite less. The problem is that people know the coverage area of the renters’ insurance, but they don’t find it worth for the monthly investment.
Hence, we, as renters’ insurance company in Oklahoma have come up with this blog to dig into the matter deeper to clear the insight regarding it.
About Renters’ Insurance
The renters’ insurance is a type of insurance that covers temporary living expense and certain legal and medical bills in case of your loss, damage, vandalism, fire, theft and any kind unexpected and unpleasant things.
Myths and the Truth
The myths are one of those reasons that make people step back from opting for a particular thing. Therefore, it is needed to debunk the myths first. Here you go.
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Not only in Oklahoma but everywhere else as well, renters’ insurance policy is for you and people who are related to you by blood, marriage or any legal bond.
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The insurance policy of your landlord covers the structure of your place and the appliances and other things, but not you or your belongings.
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Unless you stay with your parents, their policy coverage wouldn’t get your back.
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If it seems you don’t have anything that is eligible for coverage, look at your phone, laptop, bike etc.
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This insurance is not expensive at all. It can start from as little as $5 per month.
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It is not time-consuming if you get the service from the right renters’ insurance company in Oklahoma.
Coverage Area
The renters’ insurance policy typically covers three areas:
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Personal Property: It covers any damage to your property including theft, fire, lighting, freezing, hail, windstorm, vandalism, and damage from vehicle, aircraft or anything else.
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Temporary Living Expenses: The insurance will be there to get your back in case of an emergency.
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Personal Liability and the Medical Bills: Accidents are common in the roads of the U.S. If you are under this coverage, you can get the initial aid.
What Is Not Under Coverage
There are many things those do not come under the coverage of renters’ insurance policy. Here are some of those:
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A place to stay as your bed is infested with bugs.
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There are natural disasters; you would require a separate policy for this.
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Your jewelry, fine arts and other similar things.
If you ask us whether you need a renter’s insurance in Oklahoma, we would say, yes. It is required for everyone to handle a situation without any hassle. Our team of expert people can help you with this.
Come to us at Carpenter Insurance for more details.
