It is becoming increasingly common for landlords and property managers to suggest or even require their tenants to have insurance coverage. Renter's insurance is designed to protect a renter's personal belongings in the event of damage or theft.

Renter's insurance provides financial security for the items in your apartment. It will pay for replacing furniture, clothing, electronics, books, art, and more if damaged due to a problem in your apartment or building.

This policy also provides coverage if something goes wrong while living in a rental property. It can protect you if you make an error that causes damage to the building or someone else's belongings. It also protects from losses due to theft, fire, or other disasters. 

These four benefits should convince you to get renter’s insurance from the most reputable insurance agency in Alabama:

Financial Protection

Renter's insurance is generally inexpensive, costing less than $200 for twelve months. This coverage will safeguard you financially if something happens to your belongings. You may be amazed at the total value of your items when you add them up.

Accident and Damage Protection

These policies are designed to protect you and your possessions in various situations. They can guard against theft, vandalism, fire, or falling objects, just to name a few. Even if your property manager is responsible for restoring an apartment damaged by a natural disaster, like a tornado or a storm, they will not be held liable for replacing your personal property or any related expenses. That's where having a renter's insurance policy comes in.

The less than $200 in annual policy payments already provide you with $15,000 of personal property coverage!

Liability Coverage

While no one likes to think about misfortune, accidents can occur. If something unfortunate happens due to your actions, you could be held financially responsible for any repairs or replacement costs. This includes damage to the building, a neighbor's property, or if a guest is injured while visiting. To protect yourself, it's important to have renter's insurance with liability coverage to cover these scenarios and more.

Continuous Applicability

A renter's insurance policy can cover the cost of any damage to your belongings if something happens while you are not at home. It protects your items, even when you are not present, so you don't have to worry about your belongings being at risk.

While renter's insurance covers damage and loss of personal items, such as furniture and clothing, within a rented apartment, insurance agencies in Alabama will inform you that it does not cover natural disasters, damage caused by intentional acts, damage caused by negligence, or normal wear and tear of the rental.

In Closing

Renter's insurance is like an extra layer of security, just like the security camera. It can provide a sense of security and peace of mind that if something happens to your belongings, you have the policy to help with the costs of repairing or replacing them. Not having it can leave you financially vulnerable if your apartment is damaged or robbed. Even if your landlord's policy covers the unit, it may not cover your possessions. It's worth considering getting at least some coverage to protect yourself and your belongings.

While it is not a legal requirement, landlords or property management companies may have the right to make it a condition of signing a lease. In most cases, this requirement will be detailed in the lease agreement, so read it carefully before signing. 

Contact The Oakley Agency for Your Renter’s Insurance Policy Today


We are one of the few insurance agencies in Alabama that view you as part of our community and family. We want you to feel secure knowing we'll help you find the best insurance plan to protect your home and future. Whether you're a homeowner or tenant, we have the perfect policy to fit your needs. Request a quote today by calling (256) 754-7100 or visiting our website!