The Truth About Renters Insurance

renters-insuranceRenters’ Insurance is an insurance policy which provides most of the benefits of homeowners’ insurance except it does not include coverage for the dwelling or structure. The owner of the building is responsible for insuring the building, but bears no responsibility for the tenant’s belongings.

Many rental properties include a requirement in their lease that tenants hold renters’ insurance (1) if the tenant damages the premises, (2) the landlord and other tenants can recover against the perpetrator’s insurance.  It is important to know what type of damage your Renters’ Policy covers. Basically, there are three types of coverage available:

  1. Loss of use, or Additional Living Expense
  2. Personal Property
  3. Liability

Additional Living Expense

Covers you and members of your immediate family living with you for living expenses over your usual expenses, when your home is uninhabitable because of a covered loss.

Personal Property

protection against loss caused by these perils:

  • Fire, smoke, explosion
  • Lightning, wind, hail
  • Riot, vandalism, civil commotion
  • Theft, burglary, robbery
  • Weight of snow, sleet, and ice, debris removal
  • Water damage from pluming and heating systems
  • Freezing of plumbing and heating systems
  • Bursting of heating or hot water systems

Personal Liability

Covers you and members of your immediate family living with you against lawsuits arising from bodily injury and property damage as well as the cost of legal defense. Watercraft liability for many boats is included at no additional premium.

Optional Coverage

Special personal property coverage adds coverage for additional risks of loss subject to certain exclusions.  Contact your Insurance Advisors Representative for  details on these and Scheduled Personal Property items.

Personal Property Replacement Cost

Provides “new for old” coverage.

Source:  Auto Owners Insurance Company

Fall Home Maintenance Tips

Fall Home Maintenance TipsPrepare your home for cooler days ahead!

Fall foliage is beautiful, but not when it builds up in your gutters! Take these tips into account during the cool autumn months.

  • Have your furnace cleaned and inspected annually by a qualified technician. Keep flammable materials, including all lawn and power equipment, away from water heaters and wiring in the basement.
  • Insulate water pipes in areas exposed to cold temperatures, and turn up the thermostat during extra cold periods.
  • Check for damage to your roof, and clean gutters and downspouts to keep debris from accumulating. This is especially important during the fall season to keep leaves from building up in gutters.
  • Check and repair caulking around doors and windows that show signs of deterioration.
  • Check caulking around showers, bathtubs, sinks and toilet bases; and make repairs as needed.
  • Have your chimney cleaned and maintained annually by a professional.
  • Clean and/or replace your furnace filter.
  • Clean the clothes dryer exhaust duct and space under the dryer. Remove all lint, dust, and pieces of material.
  • Check your electrical outlets for potential fire hazards such as frayed wires or loose-fitting plugs. Be sure not to overload electrical outlets, fuse boxes, extension cords or any other power service.
  • Keep a multi-purpose fire extinguisher accessible, filled and ready for operation.
  • Inspect your smoke detectors. Make sure there is one on each floor of your home. Test them monthly, and change the battery annually or as needed.

Travelers Insurance.com/home maintenance

Learn more about homeowners insurance.

Garage Safety: Protecting Your Classic Car

Steps for protecting your classic car before disaster strikes

Your garage is a safe haven for your beloved classic car, but is it as safe as it could be? classic carHere are our top tips for making sure your garage is in tip-top shape.

For starters, it’s a good idea to make sure your garage is stable. Are the roof and siding sound, are the windows fully glazed and well calked, and are the gutters and roof free of debris?

While you’re checking, be sure to trim shrubbery or branches and tree limbs that overhang the garage or could brush against the building in a high wind. Not only will your garage and home be safer, it will look better. Also make sure that any outside doors  have deadbolts which protect against intruders and keep high winds or flying objects from knocking doors open. As an extra precaution, make sure your house number can easily seen from the street to ensure the emergency help can find you quickly.

If your garage is like most, in addition to your collector car, you probably have a lawnmower, tools, cleaning supplies and all kinds of lawn implements. All of these things can cause damage if they get loose due to high winds or flood waters.  But it’s relatively easy to reduce the risk.

  • Store rakes, shovels and other hanging tools in cabinets and secure them with hooks. If cabinets aren’t feasible, secure tools to their wall hooks with small bungee cords or rubber straps.
  • Cover your car when it’s being stored to help protect it from flying debris.
  • If you store your car elevated, be sure to support it on sturdy jack stands under the suspension, which should always be under tension. Never use concrete or cinder blocks.
  • For long-term storage, always disconnect the battery. Also, if you know a storm is coming, be sure to pick up from the ground any battery tenders and extension cords to keep them out of water.
  • Secure heavy objects such as drills or toolboxes and appliances with safety straps.
  • Install safety latches on cabinet doors and drawers to prevent them from opening and spilling their contents.
  • Fasten ceiling lights and other hanging equipment to supports by using safety cables.
  • Install flexible gas lines and automatic gas shutoff valves if your garage is heated.
  • Keep a multipurpose, dry-chemical fire extinguisher in your garage.

Get FREE Classic Car Quotes from DivingRates.Com

Hagerty Insurance Agency LLC