Renters/Tenants
Renters/
Tenants
Comprehensive, All-Risk Protection
Whenever You're Renting a Property from Others.
Comprehensive, All-Risk Renters & Tenants Insurance Solutions to minimize un-welcomed circumstances.
Renters & Tenants Insurance
When you’re renting any type of residential property, don’t be fooled. Many carriers wrongly promote solely on price without ever conveying the coverage limitations/exclusions, that come along with it. In other words, and as we advise our clients at JMP Insurance Brokers:
- Caveat Emptor: Let the Buyer Beware of Misleading Advertising that is usually 'Too Good to be True'.
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And, like most everything else: 'You Truly Do Get What You Pay For'.
At JMP Insurance Brokers, we will ensure not only that you understand what you’re purchasing & why it’s important, but also that you’re properly protected through an All-Risk Tenants Policy – the broadest form of coverage available in the United States – at a competitive premium based specifically on your coverage needs & circumstances.
When you’re insured under an All-Risk Renters Policy:
- Your Personal Contents will be covered with full Replacement Cost (RC) coverage at the time of the loss without depreciation.
- Can include off-premises protection if you're belongings are ever stolen from you.
- Additionally, the Liability portion of the policy can protect you worldwide if you're ever sued personally for covered Property Damage, Bodily Injury & Personal Injury (Libel, Slander, Defamation, etc.) claims -- all typically with a separate limit for defense costs (which won't be billed back to you) and no deductible for covered claims.
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You can be confident you're in compliance with the terms of your lease -- since All-Risk coverage is the type of Renters policy most Landlords prefer or require when renting to Tenants.
IMPORTANT CONSIDERATIONS:
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If you're renting with roommates, each unrelated Tenant must have their own Renters policy to be covered under both the terms of the policy & the lease agreement.
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As the Broadest Form of Renters coverage available in the USA, All-Risk Tenants Policies include full coverage for water damage up to the limits listed - by far, the #1 cause of loss in the USA.
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If you don't purchase an All-Risk policy, you won't have full coverage against most forms of water damage to your Personal Belongings.
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Full Water Damage coverage is in addition to many of the perils you'd expect to be included in an All-Risk policy: Fire, Explosion, Vandalism, Falling Objects, Wind-Driven Rain, Theft, etc
- For our Landlord clients, JMP Insurance Brokers provides Best Practices & Actionable Insights When Renting Properties to Others.
Put JMP Insurance Brokers Expertise to Work for You.
Request a Renters/Tenants Quote for the Most Important Coverage Needs. Yours.
REQUEST QUOTE
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