Renters Insurance/ Condo Insurance

According to the most recent census statistics, nearly sixty percent of Florida residents are renting their home, condo unit or apartment and do not have a mortgage.  This means that while they do not have to insure the structure they live in, they do need to protect the valuable household goods they have inside through a renters insurance policy along with important coverage such as Personal Liability Insurance and Medical Payments to others when other personal injury occurs.  Should an accident occur to someone else in your rented residence, you’re still subject to a liability suit just as a home owner would be. 

The value of your personal items is sometimes easier to determine than others and not every renters insurance policy is the same.  Some allow for “new” replacement costs while others factor in the age of the item before determining its value.  You may be surprised at the value of the items you own.  A recent Labor Department survey indicated that the average American spends nearly $2,000 per year on clothing and apparel.  If your closet is full of timeless suits and quality shoes, you may have $30,000 invested in your current wardrobe.  If you think about the amount of money you spend on clothes over the course of just a few years that can add up quickly.  If you factor in the replacement costs for new furniture and electronics, you can see how valuable renters insurance can be.

Florica Renters Insurance 
Liability Protection and Property Insurance

In the event that your rental home, apartment or condo is destroyed by fire or flood, the items you will have to buy for your new home will range from TV’s, computers and microwaves to bed sheets and shower curtains.  Even the small items will add up quickly.  At Brown Insurance Services, we’ll help you understand the amount of coverage you need and will provide tools to help you inventory your property.  A larger family with three or four bedrooms of appliances and furniture will need more coverage than a single occupant but both families should carefully document their property should the need for a claim arise.

Contact us today for help assessing your valuables and liability risk and we’ll find a renters insurance policy that’s right for you and your family.