Renters insurance FL residents have available to them covers their personal property in the case of vandalism, theft, or fire; provides some limited liability should anyone be injured in, or on, the rental property; helps with fees related to dislodging under special circumstances, such as repairs; and also provides limited coverage for accidental damage to the rented unit.
That means that, if something happens where the rental property is damaged, a visitor is injured, or you suffer a loss of personal property due to any of the circumstances listed in your policy, your financial responsibility is lessened. It doesn’t really matter whose fault it was, Florida renters insurance tenants can apply for coverage in the case of accidental damage, accidental injury, and other circumstances out of your control.
Some plans also include a provision for Medical Costs for Others, which all but absolves you of fiscal responsibility for medical costs incurred when someone is injured on your rented property. Landlord’s insurance generally covers any amount that exceeds your insurance coverage. Of course, this is a legal matter you should discuss with your agent.
Remember, before shopping for policies it is strongly recommended that you collect a FL renters insurance quote. Quotes enable you to get a general idea of how much a policy will cost you each month. Do not forget to collect at least 3.
You can also specify other options and add-ons, and purchase extended coverage, when you choose your insurance plan. Be sure to ask your agent about flood and earthquake coverage too, as it is unlikely to be included in the standard policy.
Florida is known for its violent weather, especially in the Spring and Summer months, so you should definitely ask about flood coverage. Landlords’ coverage does not indemnify you, it only covers the structure. You are responsible for repairing and replacing your possessions.
Depending on your plan and the value of your personal property, you might also consider a specialty policy to cover your prized Beanie Babies, Garbage Pail Kids collection, or VHS library. The best coverage has its limits and, if your valuables’ worth exceeds those limits, a separate policy or extended coverage is a good idea.
Should you be forced to find lodging elsewhere for a while, usually due to things like repairs, your insurance will reimburse you the cost of things like hotel stays. The handful of dollars you spend each month in premiums for the best FL renters insurance agents can provide is pennies compared to the costs you could incur without coverage.