If you live in a rented house or an apartment, renter’s insurance provides important coverage for both you and your possessions.
In case your house or apartment is broken into, destroyed by a fire, or perhaps a friend gets injured at your home, renter’s insurance provides financial protection for you and your family. It pays for the repair and replacement of lost items as well as any liability issues you may be responsible for.
A renters insurance policy from Alliance Insurance Services can provide you with coverage for your personal items and personal liability to protect you from the unexpected.
Condominium insurance provides coverage for your unit where your condominium association insurance stops. Your association typically insures the building and other common areas.
You are responsible for the interior of your unit. Typically you need personal property and liability coverage in addition to coverage for your floors, walls, cabinets and fixtures that your association’s insurance probably will not cover.
Every association’s insurance policy is different regarding what each unit owner is responsible for, so it is important to review your association policy and condominium by-laws carefully.