Protecting and preserving your belongings and investment is vital whenever you rent a home, condo, or apartment. If you live in Miami Lakes, FL, it’s important to distinguish what renters’ insurance will and will not cover. At Jet Stream Insurance Group LLC, we’ll work with you to find policies that provide the protection and sense of security you seek.
What’s Covered by Renter’s Insurance
Your renters’ insurance policy, or standard HO-4 policy in Miami, will typically cover:
- Your belongings, not your landlord’s building
- Personal property that has been ruined by theft, smoke, lightning, fire, or even vandalism
- Personal liability for property damage or bodily injury caused by you or a pet you have in your home
- Medical payments to others (such as smaller, no-fault medical bills)
- Loss of use (additional living expenses), if you require hotels or meals due to your space becoming uninhabitable for some time
What’s Not Covered by Renter’s Insurance
The following may not be covered by your existing renters’ insurance policy:
- Flood and storm damage, which typically requires a separate private flood contents or NFIP (National Flood Insurance Program) policy
- Sewer or drain backups, which may require an additional water-backup endorsement
- Mold and long-term humidity, which may require a mold buy-back rider
- Earthquakes, which require optional earth-movement coverage
- Roommate property, which requires a separate HO-4 policy for each roommate in your property
Understanding what’s entailed with renters’ insurance is crucial when you’re thinking of moving anywhere in Miami Lakes, FL. The more informed you are of what to expect with your insurance policy, the easier it will be for you to maintain your peace of mind. To learn more about renters’ insurance policies that are right for your needs in Miami, contact Jet Stream Insurance Group LLC today.
