New Hampshire / Maine Renters Insurance
Complete Insurance Protection for Your Rental Home
Renters need to protect their personal interests with a Renters Policy. Renters insurance can give you the protection you need at a price you can afford.
Your Renters Policy Protects:
Unmatched Selection of Coverage Options:
- Personal Belongings, no matter where they are used
- Personal Liability, that protects you against a claim or lawsuit if someone is injured or their property is damaged while in your apartment
- Contents Replacement. Provides full replacement cost for personal belongings with no deduction for depreciation.
- Personal Injury. Protects you against libel and slander.
- Identity Theft Protection. Provides assistance from a consumer fraud specialist and covers expenses related to restoring your good name and financial reputation.
- Valuable Items Endorsement. Provides a blanket of coverage that is broader than what a basic Homeowners policy provides. It is the right coverage for people who own valuable possessions such as jewelry, artwork cameras and computers.
- Personal Articles Floater. Provides even more comprehensive coverage than the Valuables Items endorsement. It is the right coverage for people who wish to protect items that have been carefully selected and whose values exceed the limits of either the Renters policy or the Valuable Items endorsement.
- Umbrella Policy. Offers an additional $1 million to $5 million of liability protection incase you are sued.
- Flood Coverage. Flood damage is typically not covered under a homeowners policy. This affordable coverage covers damage to your personal property and provides cleanup reimbursement.
Personal property coverage
While your landlord should have insurance coverage for the building in which you live, you need to be aware that that coverage does not extend to protect your personal possessions. Renters insurance provides protection for your furniture and personal possessions - at home or away from home - against damage from such hazards as fire, lightning, windstorm, hail, explosion, smoke, vandalism, and plumbing leakage. A renters policy also protects your property against practically every type of theft loss in your apartment or anywhere in the world.
This personal property coverage is also called contents coverage since it insures the contents of your apartment. You determine the value of your property and the renters premium is based on this amount. A rule of thumb is to figure the value of items in each room. We usually recommend $5000 per room … more if you have expensive items. Call us at 603-437-1992 if you have questions. We will gladly help you figure out this figure.
Optional property coverages
Since each of us enjoys a unique lifestyle, you may require special coverages for your individual needs. The following coverages can be purchased separately:
- Contents Replacement Cost: pays full cost to repair or replace most personal property in your apartment with no deduction for depreciation.
- Valuable Items: provides higher limits and worldwide protection for special property such as jewelry, silverware, fine art, furs, cameras, firearms, musical instruments, and home computers for an extended variety of losses. For your convenience, no appraisal or listing of insured items is required.
- Additional Coverage Endorsement (ACE): extends protection or increases limits on special types of property (for example: jewelry, firearms, or silverware). This coverage also increases personal liability coverage by $100,000 and includes coverage for personal injury.
Personal liability protection
Stuff happens...and sometimes it's not always good. In the event that you are sued, your renter's personal liability protection helps to cover the associated legal costs and related damages.
Most renters policies provide $100,000 (minimum) of financial protection against liability claims and lawsuits brought by others for accidental bodily injury or damage to their property ( Higher limits of $300,000 & $500,000 are recommended):
- while in your apartment
- caused by your personal activities, including most sports
- caused by your children or pets.
Liability protection also includes medical payments coverage. For example, your renter’s insurance will pay up to $1,000 per person (Higher limits also available) -- regardless of your legal responsibility -- when an accident involves bodily injury to others. Higher amounts of coverage are available.
Additional living expenses
If you are forced out of your apartment by a covered hazard, your renter’s insurance pays you up to 20% of the contents coverage for necessary additional living expenses (hotel, meals, laundry, etc.) while your damaged apartment is being repaired.
Many renters spend considerable time and money on alterations or redecorating. Under a renters policy, you may apply up to 10% of your contents coverage to repair or replace these damaged improvements.
Fire legal liability
This feature protects you if you're held legally responsible for any fire damage to the building in which you live. And this coverage not only protects your home, but also any vacation property you rent.
Credit card and check forgery
Renters insurance automatically provides you with up to $1,000 of coverage for losses resulting from forgery or any alteration made in connection with credit cards, automated teller cards, and checks used by you and your family.
A deductible is the amount of loss you agree to assume before your insurance coverage takes over. The higher your deductible, the lower the cost of your policy premium. The deductible applies to property losses only. Liability protection does not require a deductible.
This material is for informational purposes only. All statements herein are subject to the provisions, exclusions and conditions of the applicable policy. For an actual description of all coverages, terms and conditions, refer to the insurance policy. Coverages are subject to individual insureds meeting underwriting qualifications.
For more information or to receive a quote, fill out our Renters Insurance Quote Form.