With renters insurance, you will be able to replace what is damaged or stolen. 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. If you 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.
Ohio renters insurance covers: Your possessions against losses from fire or smoke, lightning, vandalism, theft, explosion, windstorm, and water damage from plumbing.
Your landlord's insurance policy will not 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.
It is best to inventory all of your valuable items. For an inventory, 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 I MUST LEAVE MY HOME BECAUSE OF A DISASTER, WILL MY ADDITIONAL LIVING EXPENSES 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.
Do i need additional insurance beyond my rental insurance?
If you have a collection of items you would like to additionally insure, you can add an inland marine policy.
WHAT IS AN INLAND MARINE POLICY
An inland marine insurance policy is if you have a particular collection of jewelry, guns, or otherwise that have a significant value. 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 happen to have your jewelry stolen while traveling, an inland marine policy should cover the total cost of your items, unless the insurance company can help locate the items 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. 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. For example 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.