Benefits of Renters Insurance in Connecticut

Whether you rent property to live in or to conduct business, renters insurance gives you peace of mind. You can rest easy knowing that you can replace your personal or business property if an accident occurs, or if a covered peril prevents you from occupying your rental.

Private Residents …

Protects You If Someone Gets Hurt In Your Home

Property owners often have insurance coverage for their buildings. This coverage often extends to areas accessible to the general public. If someone gets hurt in a private area, such as inside your apartment home or a garage that your rent, you might be liable to pay damages. Renters insurance can pay for these expenses.

Replaces Your Belongings

If there’s an accident that causes you to lose your things, you can get money to replace them. This includes losses caused by natural disasters such as storms or fires, and losses due to theft or vandalism.

Pays For a Temporary Home

Also, if a covered disaster forces you to leave your leased home, renter’s insurance pays for the cost of your temporary home. It pays the rent while you wait for your landlord to complete repairs on your home.

Business Owners …

Protects You From Lawsuits

If you’re a business owner, you might be liable for incidences on your property. Your liability depends on the terms of your lease and your agreement with the landlord. Where the incident occurs also has an impact on who’s liable. Get liability protection for anything that’s not outlined in your lease or a written agreement. You can protect yourself from lawsuits when accidents occur in areas for which you are responsible. This includes private parking lots that you maintain and inside of your buildings.

Examples of incidents for which you might need liability protection include the following:

  • A customer or business associate gets hurt while on your rental property
  • Your customer, guest or employee damages the rental property
  • Your equipment damages the rental property

Call or visit AllConnect Insurance to find out about options available for protecting your rental property.