Many renters assume their landlord's insurance will cover their belongings after moving in. However, a landlord's insurance only covers what he or she owns, which is limited to the land and any physical structures on it. To protect your own belongings as a tenant, you need renter's insurance. In this post, we will discuss some situations a renter's insurance policy can protect against.

Tenant's insurance covers property damage caused by fire, smoke, windstorms, lightning, explosions, electrical surges, snowstorms and certain kinds of water damage. While you may not think you have enough valuables to insure, the cost of every day items damaged in an accident can add up. Consider how much it would cost to replace your bed, couch or TV after a sudden storm. Many renters aren't prepared for those sudden costs, so renter's insurance is there to help. 

If the damage is so severe that you can no longer stay at home, tenant's insurance can also cover your housing costs while you wait for repairs to be completed at your rental unit. 

If someone breaks into your place, renter's insurance typically covers any damage the burglar may have caused in addition to the items he or she stole. To make filing a claim easier in the event of a break in, take photos of your valuables to use as evidence. 

Like homeowners insurance, renter's insurance offers personal liability coverage that can protect you in case someone injures themselves at your home. Your policy can cover the claimant's medical expenses and the cost of any resulting lawsuits, but the amount you are covered for can vary. Speak with your insurer to find out how much coverage you have. 

To find out how you can get covered by tenant's insurance, contact Fundy Mutual to get started with one of our qualified representatives today.