choosing the right rental insurance

Types of Coverage

There are generally three main types of coverage offered by rental insurance policies:

• Personal Property Coverage: This covers the cost of replacing your personal belongings if they are damaged or stolen. It's crucial to take an inventory of your possessions to determine the appropriate amount of coverage you need.
• Liability Coverage: This protects you if someone is injured on your property or if you accidentally cause damage to someone else's property. Liability coverage can also help with legal expenses if you are sued.
• Additional Living Expenses (ALE): If your rental home becomes uninhabitable due to a covered peril, ALE covers the cost of temporary housing and other related expenses.