Renters Insurance Happy Valley, OR
Your landlord’s insurance policy does not cover everything inside your rented home. When you rent a home, condo, or apartment in Happy Valley, OR, you should consider renters insurance from Schmidt Insurance Group to protect your personal belongings.
What is Renters Insurance?
Renters insurance protects the personal property (or contents) of your rented apartment, duplex, condo, or home from loss caused by damage or theft.
The policy also provides liability coverage to protect you financially in the event of injuries to a visitor or damage that you, your family members, and even your pets may cause on the premises. If, for example, you accidentally left the water running in your 4th-floor apartment when you left for work, renters insurance would pay for the water damage it causes to your neighbors’ personal property!
Renters insurance also covers your belongings when they are away from home, for example the laptop in the trunk of your car or the skis you left outside the lodge while you ate lunch only to find that they mysteriously disappeared.
If you come home from a weekend out of town to find that a power outage left you with a refrigerator full of spoiled food, your renters insurance may cover the ruined food under your personal property coverage!
If you are temporarily forced to leave your rented home or apartment because damage or a covered peril (like smoke or fire) has made it unsafe or uninhabitable, your renters insurance may pay for you to stay at a nearby hotel or a different apartment or house and cover some of the living expenses you incur.
Common Misconceptions About Renters Insurance
Misconception: My landlord’s insurance will cover my personal property.
This is not true. In general, your landlord’s insurance will cover only damage to the building due to any covered perils, such as fire, wind, hail, or snow. You are solely responsible for insuring your personal property, liability, and expenses related to loss of use.
Misconception: I don’t need renters insurance because the things I own aren’t valuable enough.
This would be a mistake. According to insurance industry experts, the average value of possessions in a standard two-room apartment totals $30,000. In the event of a disaster, such as a fire, would you be able to replace all of the furniture, clothing, electronics, appliances, jewelry, art, collectibles, and other household goods you own?
Misconception: I’m a dog owner and can rest easy knowing that my renters insurance covers dog bites.
Beware! When you have certain breeds of dogs as pets, your renters insurance policy may exclude them from coverage. Although your liability coverage will usually cover instances when your pet bites someone in your home or on a walk, insurers often exclude breeds such as Pit Bulls, Rottweilers, Akitas, Mastiffs, German Shepherds, and Alaskan Malamutes. You may have to purchase a rider to add coverage for your dog.
Who Is Schmidt Insurance Group?
Schmidt Insurance Group opened its doors in 2019 with a goal of making insurance easy and affordable while providing exceptional customer service. We proudly serve the local Portland area as well as the entire states of Oregon and Washington.
If you need renters insurance in Happy Valley, OR, reach out to Schmidt Insurance Group at (503) 206-0881 for more information.
