With renters insurance, you will be able to replace what is damaged or stolen.
Ohio renters insurance covers your possessions against losses from fire or smoke, lightning, vandalism, theft, explosion, windstorm, and water damage from plumbing. The biggest misconception about Cleveland renters insurance is that you don't need it and that your landlord's insurance policy will cover you for any damages done to your belongings. Whether or not your landlord does in fact carry insurance on your rental home or apartment, his insurance policy does not extend coverage to you as a renter. This is one of the most frequently asked questions we get and we are here to help you work through it!
However, renters insurance does not cover floods, earthquakes or routine wear and tear. You can, however, buy separate policies for flood and earthquake damage. Likewise, renters insurance doesn't cover the most important thing you own, which is your life! As you explore renters insurance in Ohio, you should also consider life insurance for yourself as well.
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Cleveland Renters Insurance
If you are forced out of your home because of a disaster, your additional living expenses will be covered.
Cleveland and Ohio renters insurance pays the reasonable additional costs of temporarily living away from your home if you can't live in it due to a fire, severe storm, or other insured disaster. It covers hotel bills, temporary rentals, restaurant meals, and other living expenses incurred while your home is being rebuilt. Coverage for additional living expenses differs from company to company.
Cleveland and Ohio renters insurance also covers your responsibility to other people injured at your home or elsewhere by you, a family member, or your pet and pays legal defense costs if you are taken to court.
Decide how much renters insurance you need in Ohio.
Add up the cost of everything you would want to replace if it were damaged or stolen. This could also serve as the basis for an inventory that will make filing a claim easier. For an inventory, also record model numbers and dates and places of purchase. Take photographs or make a video of these items and place a copy of the inventory in safe place away form your home.
If you rent an apartment or house, you need insurance to protect your belongings. While your landlord might have insurance, it only protects the building. Your belongings are not covered under those policies.
Thank you for your interest in Cobos Insurance, if you have questions or would like to speak with one of our insurance professionals, call us at 440.324.3732or contact us via email. If you have your eyes on a home to purchase, then we would love to help protect you on your journey to home ownership! You might want to start by looking into homeowners insurance exploring the differences between renters insurance and homeowner insurance.
Do you need additional insurance beyond your Ohio renter's insurance? You may want to consider an inland marine insurance policy if you have a particular collection of jewelry, guns, or otherwise that have a significant value. An inland marine insurance policy sounds confusing, but it really is quite simple. An inland marine insurance policy covers a particular item or group of items/possessions wherever they go (unless otherwise stated by the policy). If you are traveling down from Cleveland to southern Ohio and you happen to have your jewelry stolen, an inland marine policy should cover the total cost of your jewelry unless the insurance company can help locate the jewelry that was stolen in the first place. Some inland marine policies will even cover an item that is lost, whether you know what actually happened to it, or not.
You obviously shouldn't abuse your insurance policy, and insurance fraud is a very serious issue, but if you genuinely lose an item, your inland marine policy should compensate you for it. The nice thing about most inland marine policies, particularly if you have a highly valuable, or group of highly valuable jewelry items, is that it covers the items wherever they go even if you aren't with those items. You might have to check your luggage and if your collectible happens to be lost or stolen while your bag is away from you, it would still be covered. If you have a significant amount of collectibles, this type of insurance coverage could be best for you. If you have questions about inland marine insurance or insurance questions about your collectibles in general, give us a quick call at 440.324.3732! You can also read more about insuring your jewelry in our blog post regarding insurance for your jewelry.