Here at Western Insurance Associates, serving the greater Spokane, WA area, our team can help you get the insurance products and coverage you need. One of the products that we are pleased to offer to our customers is renters insurance. Unfortunately, we have found that many renters have questions about insurance, including the common language used in these policies. Here are two questions you may have about renters insurance and the answers.  

What is Renters Insurance?

Renters’ insurance helps to protect you against damage done to their belongings in a rental dwelling, while also covering their living expenses if the space they are renting becomes uninhabitable due to an unexpected event. Many renters think that the owner’s homeowners insurance policy will cover their belongings, but homeowners insurance policies do not cover renters. 

What Does it Mean When It Says Renters Insurance Covers Living Expenses?

When a renters insurance policy states that it will cover living expenses, it means that the policy will help ensure you have a roof over your head if an unexpected event, such as a fire or a pipe bursting, prevents you from living in your rental home. The policy will pay the difference between your current rent and the reasonable cost of a short-term rental until your rental home is repaired or you find a new rental home to live in. 

If you rent a home, an apartment, a condo, or even a room in someone else’s house, you should have renters insurance. If you do not have renters insurance or are unsure if you have enough coverage, let the team at Western Insurance Associates, serving the greater Spokane, WA area, assist you. Call us today to get started.