Posted by: phillipsre | November 13, 2012

Another Reason For Rental Insurance

An interesting article came out  from The New York Times, reminding tenants and others that have been  uprooted by Hurricane Sandy that if they have rental insurance they may not need to break their lease to move out and other housing expenses may be covered under their policy. A lot of policies will have an “additional living expense” provision in their renter’s insurance, also known as “loss of use” coverage, which may come into play if tenants are unable to live in their apartment due to a covered event like a hurricane. There are a lot of different areas that the renters policy may cover, this article outlines a lot of good issues to consider when signing up for renters insurance or if you are in the market to update your policy. If you lose heat or electricity, these things may also be covered, something to be aware of when considering your policy.


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