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Does renters’ insurance cover items stored elsewhere?

Most home policies, renters’ insurance included, cover items kept off-site in a storage unit. Anthony Lancaster Insurance Inc. in Memphis, TN can help you understand the basics and make sure your policy fits your needs.

Does renters’ insurance cover items stored elsewhere?

You probably know that your renters’ insurance policy covers your personal items in your Memphis TN home. Your furniture, audio/visual equipment, computer, appliances, etc. all receive coverage under your renters’ policy.

Most renters’ policies also cover items stored off-site at a formal business that offers storage lockers, garages, or units. These areas separate your items from others using walls and a locked door. Only you have access to these items via a key or security code. If those items incur damage due to a named peril or someone steals them, your insurance policy covers the theft.

Not all renters’ policies automatically cover this. That’s why you need to check your policy’s documents to see what it covers. Some policies don’t include this unless you specifically ask for it, while others require an inventory list, sometimes including photos of the items. Other policies automatically include it. Asking your insurance agent remains the best way to know what your policy includes.

That means that the Christmas decorations and high school memorabilia that you store at a storage unit can receive coverage and so can your mountain bikes stored in a storage unit owned by the apartment building from which you rent.

Get Renters Coverage Today

Contact Anthony Lancaster Insurance Inc., serving the greater Memphis, TN community, for more information on renters’ insurance or to review your policy to find out if you need to add this helpful rider to your policy.

Why do you need to have a renters insurance plan?

An exciting time in anyone’s life can come when they move into a new home in the Memphis, TN area. For those that are going to rent a home, being a renter can come with various advantages including not having as many responsibilities and the flexibility to move at the end of the year. If you choose to rent a home here, you will want to have proper renters insurance in place for various reasons. 

Meet Lease Standards

An important reason for anyone to have a renters insurance plan when they are moving into a new home is to meet the standards of insurance set in the lease. It is very common today for property owners to include insurance provisions in lease agreements. They want to have this due to the protections the coverage provides. You may have to offer evidence of renters insurance before moving into your new home. 

Protections are Valuable

It is also a good idea to get a renters insurance plan because the protections that it provides are quite valuable. With a renters insurance plan today, you will get coverage to replace your personal assets if you are a victim of a fire or theft. Further, you will receive liability coverage that will be helpful if you are found responsible for damages or injuries sustained in an accident or due to negligence.

It is clearly important for anyone that is going to rent a home in the Memphis, TN area to have a proper renters insurance plan. Once you are ready to start looking for a new plan, calling Anthony Lancaster Insurance Inc is a great option. The professionals with Anthony Lancaster Insurance Inc will give any support you need to build a plan that suits your needs. 

Why do I need renters insurance

As a renter, you may wonder why you need insurance. Your landlord or management company is responsible for the building you live in, and they have to have insurance, right? Well, they probably do have insurance, but it isn’t going to help you. It covers the building, not your personal property. At Anthony Lancaster Insurance Inc in Memphis, TN, we are your local independent agency, and we are dedicated to providing our customers with the insurance they need at the best possible price. 

Since your landlord’s insurance isn’t going to protect your personal possessions are you prepared to lose everything in your rental? You may not think it is much but imagine having to replace not only your furniture but all your kitchen implements, your clothes, and jewelry as well as your electronics. It could be thousands of dollars most people would find that a hardship. 

Renters insurance also includes liability coverage. If somebody is injured while visiting you or by your pet, you could be responsible for medical expenses, and if they decide to sue, a lot more. Your renters’ insurance would help pay the judgment against you as well as legal expenses you might have, 

If a covered peril hits your rental, and it gets severely damaged where would you stay?  Renters insurance includes loss of use. If your rental is damaged you can stay in a hotel while the damage is calculated and if it is going to be a while until you can move back in, it will pay for a temporary rental until your place has been given the okay to be lived in again. 

These are just some of the reasons that renters’ insurance is something you should be considering. If you have questions or concerns, the knowledge team at Anthony Lancaster Insurance Inc in Memphis, TN is here to offer our expertise. 

Get your renter’s policy in-place BEFORE you move

Anthony Lancaster Insurance Inc understands the needs of the greater Memphis, TN area, and we are proud to serve our community. If you are looking forward to moving into your new place, be sure to have your insurance lined up before moving! Call us today to find out more about renter’s insurance policies available to tenants in our area. Now is a great time to review your options.

Get your renter’s policy lined up today.

When it comes to deciding on insurance, the sooner, the better is usually the mantra to follow. Moving to a new rental house or apartment can be a time-consuming and stressful occurrence, and it makes sense to take care of as much as possible ahead of time. 

An appropriate renter’s policy can provide a lot of peace of mind! Your landlord will also have insurance, but their coverage won’t protect your interior unit or your belongings. Don’t find out after it’s too late that you don’t have the coverage you need. By lining up your renter’s policy before moving day, you will be able to take the necessary time to make an informed decision. Choosing a policy that meets your needs can feel overwhelming when you start looking at all of the options. With the guidance of a registered agent, the decision-making process can go a lot more smoothly, thus relieving some of the stress that comes with moving. 

Find out more today!

Time to move? Anthony Lancaster Insurance Inc is here to help the residents in the greater Memphis, TN community secure the insurance coverage they need. If you have questions about renter’s insurance, we can help! Call or stop by today and let us help you make your move a smooth and stressless one.

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