Those who know about home insurance may also understand the basics of renter’s insurance. An indemnity plan for renters does not pay for the structure of the home or apartment structure. Instead, a renter’s insurance policy covers the items inside the home that may suffer damage as a result of a broken pipe, theft, or other incidents.
In short, a renter’s insurance plan may cover:
- Fire
- Damage caused by aircraft or vehicles
- Damage to items caused by smoke
- Vandalism
- Damage caused by falling objects
Keep in mind that natural disasters may not be covered under a standard renter’s insurance plan. It is crucial to speak with an Align Insurance Group agent to get details about coverage for earthquakes and inclement weather.