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Renter Insurance

Posted: 27 July, 2023

Renter Insurance is not legally required in the state of Florida. However, depending on the apartment complex or rental home you are trying to move into, they might require for you to have renter insurance. Landlords are allowed to require you to carry renter insurance in Florida as part of their tenant application process. Renter insurance requirements and pricing can vary by state. It is always good to carry a policy.   What is covered under a renter insurance? Renter insurance provides protection for a tenant and their personal belongings. There is three main parts to a renters insurance policy:
  • Personal property coverage: This covers your personal property if it is stolen or damaged by one of the covered perils listed above. 
  • Liability coverage: This protects you if you damage someone else’s property or cause someone injury, including if your dog bites someone. 
  • Loss-of-use coverage: This covers the cost of a temporary rental if your home is rendered uninhabitable by one of the covered perils listed above. 
There is also coverage to repair or replace your property in the event of a covered peril. Your renters insurance will typically protect your belongings in the event of :
  • Fire 
  • Windstorm 
  • Hail 
  • Explosions 
  • Lightning 
  • Riots 
  • Damage by aircraft or vehicle 
  • Smoke damage 
  • Vandalism 
  • Theft 
  • Volcanic eruption 
  • Falling objects 
  • Weight of snow/ice/sleet 
  • Damage from appliances (water/steam related) 
  • Leakage or overflow of water 
  • Freezing of plumbing, heating, air conditioning
  What is the average cost of a Renters Insurance policy in Florida? In the state of Florida a renter insurance policy is reasonably priced. You might find a policy between $12 - $25 per month, it all depends on the amount of coverage purchased. There are different facts that can affect the pricing of a renters insurance, such as 
  • The amount of coverage needed.
  • The value and condition of the rental home
  • Previous rental history and prior claims
  • Insurance score
  • Location (such as areas at risk of flood or storm surge)
  • Pet ownership
  • Military status 
Working with our experts at emilan Premium is an excellent way to make sure you have the right amount of coverage for your needs.

Written by: Premium Emilan

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