Renters insurance is a kind of property insurance offering protection to tenants living in a rented dwelling. The policy offers coverage for personal property and liability claims, which are not due to structural issues of the property. Though Renters insurance is not a legal requirement, many landlords get it to provide some tenant coverage.
Renting a home or apartment can be a smart and flexible housing choice, but paying attention to the importance of protecting yourself and your belongings is crucial. Many renters mistakenly assume that their landlord's insurance will cover them in case of unforeseen events. However, this is different. renters insurance provides essential coverage to safeguard your assets and provide peace of mind.
Berkshire Hathaway GUARD has begun offering Homeowners and Personal Umbrella coverage (click here) in Pennsylvania. Targeted markets include one- to four-family dwellings, renters, and condo unit owners. In addition, the product can accommodate situations where business and personal insurance needs overlap, providing coverage for residences owned by corporations or LLCs; dwellings held for rent (written under a Homeowners policy with an endorsement for rental units); home-sharing services (e.g., Airbnb); and residences where incidental business activities occur.
