Renters Insurance in New Jersey
Have you recently begun renting a home out? Or have you been renting for some time, but without renters insurance? If so, Five Star Insurance Agency, serving the greater Fords, NJ area, invites you to learn why renters insurance may be perfect for you.
In New Jersey, it is not required by law that you carry renters insurance as a renter, though individual property management companies and landlords may require you to have it as part of your rental terms. But just because it is not legally required does not mean that you should not consider it. If your landlords home were to catch fire, flood or someone were to break into your home, you could wind up with missing or damaged property. And many people are under the misconception that the landlord or their insurance, would have to pay you. But that is not the case. Homeowner's insurance does not cover a tenants belongings, and unless the landlord was negligent, they will not be required to pay for your damaged or stolen belongings. This is exactly what renters insurance is designed for.
Renters insurance covers the replacement value of any items that are stolen or damaged while you are renting out someone else's condo, home or apartment. Always talk to an insurance agent to find out exactly what is covered, what is not covered, and the value limits that are in place on the policy.
If you currently do not have renters insurance in New Jersey, visit Five Star Insurance Agency in Fords, NJ, or give us a call. We can put together a policy that makes sense based on the value of the items you own and the budget you have. We will then provide you with a free quote, making it easy for you to decide whether renters insurance makes financial sense for you.