Renters Insurance Tigard, OR

When you rent a home, condo, or apartment in Tigard, OR, consider renters insurance from Schmidt Insurance Group to protect your personal belongings. We know our Schmidt and can answer any question you may have about this important coverage!

What is Renters Insurance?

Many tenants think that everything inside their rented homes is covered by the landlord’s insurance policy, but that policy covers only the building and any furnishings/appliances they may own inside.

What if someone burglarizes your rented home and steals some of your prized possessions? What if your stuff is damaged or destroyed by smoke from a fire?

Renters insurance is a safety net. It protects the personal property (or contents) you keep inside your rented home, apartment, condo, or townhome from loss caused by damage or theft.

It provides coverage for clothing, furniture, electronics, appliances, jewelry, art, collectibles, mountain bikes, and other household goods. It also provides coverage if a visitor is injured in your rented home or apartment.

Consider this: If the unexpected were to happen, would you have the savings to replace everything you own or the funds to cover the legal and medical fees if one of your friends slips in your apartment, breaks a leg, and then decides to sue you? Schmidt Insurance Group can provide you with renters insurance that will have your back!

What is Not Covered by Renters Insurance?

Unfortunately, some things are not covered by renters insurance. If you live in an area where flooding or earthquakes are common, you may have to purchase an additional insurance policy to cover those possibilities. If someone steals stuff from inside your car, your renters insurance policy should cover the loss, but it won’t cover damage to the car itself. Likewise, the renters policy won’t provide coverage if your roommate’s things are damaged, lost, or stolen, unless he or she is related to you by blood, marriage, or adoption.

How Do I Apply for Renters Insurance?

Applying for renters insurance at Schmidt Insurance Group takes just a few simple steps and can typically be done in an afternoon.

• Know your residence information (i.e., apartment, condo, house, etc.).
• Figure out what is and isn’t covered by your landlord’s insurance policy.
• Create a home inventory of your belongings and estimate their value.
• Decide how much coverage you want. If you have valuable items like jewelry or art that would be excluded from most renters insurance policies, you may need to purchase riders or endorsements to provide full coverage for loss, theft, or damage.
• See if you could qualify for any discounts by bundling your insurance policies with a company you trust (e.g., homeowners insurance, auto insurance, etc.) or by installing safety features like smoke detectors and burglar alarms.
• Get your renters insurance quote.

How Can I Figure Out How Much My Stuff Is Worth?

Renters insurance covers the possessions inside your home, so you need to have a good idea what they are worth. The value will dictate how much insurance you need to buy. If you ever have to file an insurance claim, you may be asked for a receipt to prove that you own an item or to prove its value. We recommend taking advantage of home inventory apps for smartphones, such as Nest Egg, Sortly, or MyStuff, that will help you log, price, upload photos of, and track all of your items.

If you rent an apartment, house, or even a just a room in Tigard, OR, there’s a good chance you could benefit from renters insurance from Schmidt Insurance Group. Stop by today and introduce yourself, or reach out to us at (503) 206-0881 to explore your options.