Visit Us in Sandpoint ID Today for Your Renter’s Insurance Coverage

Are you currently renting a home? Do you need a renter’s insurance policy? The Insurance Shop USA has the policy you need. Renters insurance can protect your belongings in the event of a tragedy and also allow a relocation coverage if you are required to leave your home. 

Protecting Your Belongings

Unfortunately, landlords are not required to cover those renting from them and their belonging in policies. If you do not have a policy, then everything you own is at risk. Several tragedies can result in renters losing all of their belongings and have to replace them out-of-pocket, which could be very expensive. The tragedies below are situations that are covered under a renter’s insurance policy.

  • Accidental Fires
  • Burglary/ Theft
  • Structural damage

Accidental fires happen every day in the USA, and while there are methods to prevent, accidents can still happen. In the event of an accidental fire, all of your belongings that are insured can be replaced under a renter’s insurance plan.

Burglary and thefts are also situations in which renters cannot control and most items are not recovered. While you can utilize all prevention from burglaries, unfortunately, theft can still happen. Whether the theft takes place in the home or in your vehicle, if items insured on your policy are stolen, renters insurance will cover these items.

Structural damage is another tragedy that most renters often do not consider. While it is the responsibility of the landlord to maintain the property, sometimes something as simple as a pipe bursting or a structure collapse can require tenants in an apartment building to leave immediately and relocate, causing damage to their items. 

Relocation Coverage

If you are forced to relocate due to an accidental tragedy, renter’s insurance can cover the cost of your relocation fees. If you are required to relocate, your landlord is not responsible for finding a place for you or covering the cost. Attempting to replace lost items and pay for temporary relocation can be stressful on a household. 

Come Visit Us Today!

Located in Sandpoint, ID, The Insurance Shop USA has a renter’s insurance plan just for you. Contact us here to schedule an appointment with an agent today!

Condo Insurance Vs. Homeowners’ Assurance

You may think that your membership with the homeowner’s association is enough to keep you from financial ruin when things go awry. The reality, however, is that the homeowner’s association is only interested in protecting the property grounds. You are completely on your own when it comes to guarding things inside of your condo in Sandpoint, ID. The Insurance Shop USA can help you find the condo insurance plan that works for your budget and overall lifestyle. 

Condo insurance vs. homeowners’ assurance: Similarities

Condo insurance closely resembles that of traditional homeowners’ assurance. Both homeowners and condo policy types pay for tragedies related to theft and common wear and tear. Condo and homeowners’ indemnity plans work to ensure that you receive full recompense for items lost so that you do not have to start from scratch when replacing such goods. 

Condo insurance vs. homeowners’ assurance: Is there really a difference?

In actuality, there is not much difference between having insurance for a single-family home in Sandpoint ID and with acquiring an assurance plan that guarantees your residence in a communal building. The only real difference between homeowners’ and condo insurance is perception. Some people believe it unnecessary to have condo assurance all while paying dues to the homeowners’ association. Such persons are under the false perception that their membership dues are enough to cover every potential loss.

The truth, however, is that the amount you pay in membership fees only covers the grounds. A house guest who injures herself while using your restroom would need to rely on your financial standing to pay her medical bills. She would not go to the homeowners’ association for assistance. The possibility of a lawsuit grows when your policy limits are not enough to pay for all expenses in an at-fault accident. Imagine how much more susceptible you are to a significant financial loss when you are completely uninsured. 

The Insurance Shop USA can help

There is a reason why many lenders require you to have condo insurance. Contact us today to find the policy that is right for your lifestyle!