If you are renting a home in Florida, whether it is an apartment, single family house, condo, or any other type of home, it is always a smart idea to buy renters insurance. Many people falsely assume that if something happens to their possessions while they are renting a home, than the homeowner’s insurance policy will cover them. However, this is not true.
The rental home property owner’s insurance policy covers any structural/building damage that the property incurs such as broken windows, a leaky roof, etc. Their policy does not cover any damage done to the renter’s personal property while living in the home. For example, if lightning strikes a tree and the tree falls onto the roof, causing rain to flood in and damage the renter’s furniture, the owner’s policy will cover damages done to the roof, but will not pay for damages done to the renter’s furniture.
This is where renters insurance comes in. Renters insurance fills that void in coverage and insures your personal belongings against damage and theft. In addition, renters insurance provides liability protection for the renter in case a guest is injured while on the property. Florida renters insurance is affordable and rates vary depending on the value of the items you wish to insure.
At Rental Home Management Services in Orlando, our team of Florida real estate professionals is dedicated to minimizing your stress while renting a home in Central Florida. To learn more about the rental home management services we offer, give us a call today at 407-261-5610!