Renters Insurance

Renting has become one of the fastest growing segments of the housing industry. As of the 2019 Census, 36% of the nation’s 122.8 million households were renters. While the population of house and apartment renters has grown, there are still many misconceptions about the need for insurance for renters. Renters often assume the property owner’s insurance policy covers more than it does or that their risk of financial loss is low because they don’t own the home. The truth is that the property owner’s policy likely only covers the rental home and the owner’s legal liability for getting sued, but not the renter’s possessions or anything that the renter could be sued for. Renters Insurance is usually a fraction of the cost of a homeowner’s policy and can save you money in the long run.

Benefits of Renters Insurance

If you experienced a fire in your rental home or apartment, could you afford to replace all of the belongings that you need? Your personal belongings may not be covered in the property owner's policy, and most people are not in a position to replace all of their possessions at the drop of a hat. Also as a renter, the homeowners policy does not protect you from legal liability. A renters insurance policy can:

Protect you from loss of your personal property, such as furniture, clothes, jewelry, firearms, and appliances due to fire, tornado, accidental discharge of water, or theft.
Provide loss of use coverage to help cover necessary increase in living expenses incurred so that your household can maintain its normal standard of living.
Provide coverage for legal liability and medical payments to others.

Beyond insuring your personal belongings, Georgia Farm Bureau agents can provide you with peace of mind knowing you have a team of people by your side.