Renters Insurance Portland, OR
Many renters do not have renters insurance, and some have no idea such as thing even exists. If you rent an apartment, condo, house, or even a just a basement room in Portland, OR, however, there’s an excellent chance you could benefit from coverage for damage or loss of the personal property you keep there. Schmidt Insurance Group can help you find the coverage you need.
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 states of Oregon and Washington.
What is Renters Insurance?
Many tenants believe that everything inside their rented homes is insured under the landlord’s insurance policy, but that policy only covers the building. What if your rented home is burglarized and some of your prized possessions are stolen? What if your possessions are damaged or destroyed by smoke from a fire?
Renters insurance protects the personal property (or contents) from loss caused by damage or theft. This can include furniture, clothing, electronics, appliances, jewelry, art, collectibles, and other household goods. 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.
Things You Should Know About Renters Insurance
It Covers Things You Keep Off-Premises: Renters insurance involves more than just damage and theft coverage for the belongings you keep in your rented home or apartment and liability coverage. With a few exceptions, your renters insurance, will cover your belongings anywhere in the world, including when they are off-premises in a storage unit. if your suitcase is stolen while you’re traveling, your renters insurance will cover it. If your laptop is stolen from your car while you’re in the supermarket, your renters insurance will cover it.
It May Compensate You If You Have to Move: If you are temporarily forced to leave your home because damage or a covered peril (like smoke or fire) has made it unsafe or uninhabitable, your renters insurance loss-of-use coverage may pay for you to stay at a nearby hotel or a different apartment or house and cover some of the living expenses you may incur.
It May Cover Food Inside Your Refrigerator: If you return home from a weekend vacation to the horror of a refrigerator full of spoiled food thanks to a power outage, you may think you’re out of luck. Your renters insurance may cover the food under your personal property coverage.
There are Ways to Lower the Cost: If you think renters insurance is too expensive, there are quite a few ways to reduce the cost:
- Choose a higher deductible
- Lower the policy limits
- Install a fire extinguisher or smoke detectors
- Install deadbolts, window locks, or a security system
- Bundle your insurance policies with a single insurance company
When you rent a home, condo, or apartment in Portland, OR, you should consider renters insurance from Schmidt Insurance Group to protect your personal belongings. We know our Schmidt and make it easy to find the coverage you need! Reach out to us at (503) 206-0881 for more information.
