Getting your first apartment is very exciting, but there is also a lot that you need to do to prepare. After signing your lease, you will need to call and have your utilities turned on. You also need to come up with a moving plan. Finally, before you move into your new apartment, you should purchase a renter’s insurance policy. A standard renters insurance policy is broken down into four coverage categories, and each will provide the protection you need when moving into your Maryland apartment.
This coverage will protect all of your personal belongings such as your clothes, furniture, electronics, and anything else that you own. If your belongings are damaged or destroyed during a covered loss or stolen, the personal property coverage would reimburse you.
If someone is injured in your apartment and you are found at fault, you can have an expensive lawsuit o your hands. If you have renter’s insurance, the medical payments coverage would cover the cost of their medical bills. This can prevent you from losing everything you own or even filing for bankruptcy.
This coverage can also protect you against a lawsuit. If something happens in your apartment and you are sued, this coverage will cover your legal bills and any judgment the victim receives.
If your apartment was damaged or destroyed during a covered loss and it is uninhabitable, the loss of use coverage is essential. This part of your renter's insurance policy will pay for you to stay in a hotel or a similar rental property until yours have been repaired. It will also cover the cost of food and other living expenses until you can return to your apartment.
As soon as you sign the lease for your new apartment, you should contact One Stop Insurance Agency LLC to purchase a renter’s insurance policy. One of our agents can sit down with you to determine the amount of protection that you need. You can take as little or as much insurance, based on your specific needs. To get your policy started, give us a call or stop by the office today.