Renters insurance is essential if you live in Georgia.
You don’t need to own a home in order to secure property that needs safeguarding. Renters insurance covers your belongings in case of fire, storm, and theft, among other things.
Personal renters insurance is a must-have for many landlords, and their landlord’s policy seldom covers your damages. But with so many alternatives available, how can you choose the best one?
Marilyn Todd Insurance, a Georgia-based Allstate agency, is the best choice for renters insurance.
We provide low-cost renters insurance to safeguard your valuables from unexpected dangers. Plus, our representatives are pleasant and eager to assist you in selecting the best policy for your needs. When feasible, we go above and beyond to help you get renters insurance discounts.
Contact us right away to obtain a free, one-on-one consultation about renters insurance!
What is Renters Insurance?
Renters insurance covers a wide range of the policy owner’s belongings, as well as the renter’s financial assets. It may also cover you against liability claims, such as someone being injured while on your rental property.
Components of Renters Insurance
A renters insurance policy has a number of components. The following are some examples:
- Personal property (i.e. personal belongings)
- Family liability
- Guest medical
- Scheduled personal property
- Additional living expenses
What Are the Qualifications for Renters Insurance?
Renters insurance premiums are determined by a variety of things, including your renters insurance policy, what your renters insurance coverage demands are, and more. We suggest you contact a knowledgeable renters insurance agent for further advice, even if the agent you choose isn’t us.
For Broward, Dade and Monroe counties:
All residences 2nd floor and above, including risks on Barrier Islands, are eligible.
All residences on the first floor, including single family homes, if located more than 1 mile from Coastal Waters are eligible.
Remainder of the State
All residences are eligible regardless of the distance to Coastal Water in any direction.
- Maximum/Minimum Values $15,000 to $300,000.
- Replacement cost on contents is available.
- Maximum Liability $300,000
- Commercial or Farm exposures and non-incidental business on the property
- Dormitory rooms
- More than four unrelated individuals in the household
- Military Barracks
- Camper Trailers
- Live-a-board boats
- Adult Daycare/Homecare/Assisted Living
- Nursing Homes
- No individual insured under the renter’s policy can have ownership in the dwelling being occupied
Minimum $500 deductible.
Renters policy must not be written in addition to a Homeowner or Condo policy on the same property, for a child or relative unless there is a guest house, in-law arrangement or separate living quarters on the property. Agent must provide a narrative and secure documentation (such as a lease agreement) describing the living situations that requires renters and homeowners coverage on the same property.
Insurable Interest / Occupancy
Unrelated occupants may be written on the same policy as long as all occupants are tenants listed on the signed lease agreement and are listed as the named insured.
Copy of the lease agreement must be maintain in the customer file
Unrelated Occupants require separate policies unless Additional Insured – Non-Relative endorsement is added
All dogs in the household must be fully developed. If a dog is a mixed breed, all breeds in the mix must be listed.
Risks with dog bite history are unacceptable for renters insurance.
“Pit bull” breeds (American Pit Bull Terrier, American Staffordshire Terrier, Bull Terrier, English Bull Terrier, Pit bull, Staffordshire Terrier), Chow, Dobermans, Huskies, Rottweiler, Presa Canario, Akitas and Wolf hybrids are unacceptable.
Earthquake coverage is not available on a renters policy for either new business or as an endorsement to existing business.
All residences on the first floor on a barrier island are ineligible for renters insurance, regardless of the distance to Coastal Water in any direction.
A barrier island is any land formation running parallel to the mainland that is considered to be most exposed to the effects of cyclone winds. Barrier islands very often constitute the outer land mass of the intercoastal waterway.
Coastal Waters: Where a barrier island exists, distance from coast is measured from the landside shore of the intercoastal waterway, which includes the landside shoreline of bays, harbors, and inlets. Where no barrier island exists, distance from coast is measured from the shoreline, which includes the shoreline of bays, harbors, and inlets.
Following is the list of the most common barrier islands with residential property. This list is to provide clarification for the most common areas; however, it is not intended to be all inclusive. Some land masses not listed below may be ineligible.
- Perdido Key
- Santa Rosa Island
- Destin Peninsula East to Four Mile Village & Village Road
- Shell Island
- Crooked Island
- St Joseph Peninsula to County Road 30
- St Vincent Island
- St George Island
- Little St George Island
- Dog Island
- Honeymoon Island
- Caladesi Island
- Ward Island
- Clearwater Beach
- Sand Key
- Treasure Island
- St Petersburg Beach
- Egmont Key
- Anna Maria Island
- Longboat Key
- Lido Key
- Palm Island
- Siesta Key
- Casey Key
- Don Pedro Island
- Gasparilla Island
- Little Gasparilla Island
- North Captiva Island
- Captiva Island
- Sanibel Island
- Pine Island
- Estero Island
- Marco Island
- Amelia Island
- Land East of the Inter coastal Waterway from South Ponte Vedra Beach south to Vilano Beach
- Anastasia Island
- Land East of the Inter coastal Waterway from Ponce Inlet south to Sebastian Inlet
- Daytona Beach
- Merritt Island
- Canaveral National Seashore
- Orchid Island
- North Hutchinson Island
- Hutchinson Island
- Jupiter Island
- Palm Beach
- Land East of the Inter coastal Waterway from Lake Boca Raton south to Biscayne Bay
- Miami Beach
- Key Biscayne
This also includes all Keys and Islands associated with the above defined Barrier Islands or any land mass not connected to the mainland.
Renters Insurance FAQs (Frequently Asked Questions)
How Much Does Renters Insurance Cost?
The cost of renters insurance varies based on a variety of factors, such as what your renters insurance covers. It’s always preferable to get a quote from an experienced insurance agent that is tailored to your specific circumstances.
That being said, renters insurance premiums are determined by a variety of factors, including:
- Level of coverage
- Deductible chosen
- Improvements to your home
Do I Need Renters Insurance If My Belongings Aren’t Worth Much?
Yes, in a nutshell. You might be wondering if you even need renters insurance if you only have belongings worth insuring when considered as a whole. Even though the value of each item is less than or equal to the total amount of all your belongings, the total value may still be significant because of how much they weigh together.
Then there’s the fact that your landlord may require renters insurance. In which case, you need renters insurance as a precondition of living in your home.
Liability insurance also provides you with value in the event that someone is harmed on your property. In addition, it protects you in case of an accident by a guest.
Is Renters Insurance Required By Law?
Yes. However, it is possible that your landlord will require you to do so.
Do I Need Renters Insurance If My Belongings Are Protected By Flood Insurance?
Yes, because renters insurance covers costs related to other types of water damage.
What Kind Of Renters Insurance Coverage Should I Get?
The sort or amount of renters insurance coverage you need varies depending on a variety of factors, including the value of your possessions. For an analysis of your particular circumstance and a precise renters insurance quote from an experienced renters insurance agent, we recommend that you contact us today for a free consultation.
Related Renters Insurance Terms
- Renters Insurance
- Homeowners Insurance
- Liability Coverage
- Personal Property Coverage
- Additional Living Expenses
- Renters Policy
- Renters Coverage
- Personal Belongings
- Personal Property Coverage Limits
- Standard Renters Insurance Policy
- Medical Expenses
- Flood Insurance