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Schreib Insurance Group

19413 State Route 410 E
Bonney Lake, WA 98391

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Washington Renters insurance coverage

Renters Insurance in Washington

No matter where you rent an apartment in Washington, it's imperative to protect your personal possession the best way possible. Renters insurance is not mandatory in Washington for tenants, but in some instances, some landlords may require proof of renter’s insurance as part of the lease agreement. Purchasing renter's insurance, especially in Bonney Lake, WA, inculcates peace of mind by enjoying the security of knowing your personal property will be covered if stolen or damaged by a covered peril.

It's not always very possible to avert some situations from occurring, such as injuries and theft while you are residing in your condo and why a renter’s insurance policy is crucial in cushioning you when these unexpected circumstances happen. This policy covers the cost of replacing your personal property if a covered peril like fire unexpectedly destroys it.

As a Washington resident, it's imperative to know that renter’s insurance doesn’t cover the structure(building) you are renting. Still, it may cover any improvements you add, such as room partitions or built-in bookshelves. Buying renters insurance coverage as a tenant is vital because it will protect your personal belongings, which your landlord is not financially responsible for if a catastrophe such as fire or theft strikes. Your landlord only possesses coverage to cater to the building that you are living in.

Renters insurance policy is estimated to cost approximately $180 per annum, making it very affordable. This policy reimburses you for the loss of your personal property against specific events, including:

  • Explosion
  • Fire
  • Riot or civil commotion
  • Theft
  • Falling objects
  • Damage caused by aircraft and vehicles

It's also worthwhile to note that renter’s insurance doesn’t cover damages emanating from earthquakes and floods. Are you a resident of Washington who has rented a condo or an apartment seeking renter’s insurance? Visit us today at Schreib Insurance Group offices in Bonney Lake, WA, and obtain a salient insurance policy suiting your needs and budget.

Types of renter’s insurance coverages

  • Personal possessions coverage: This form of coverage protects your personal possessions such as furniture, clothing, appliances, and kitchen utensils against damage caused by perils such as explosion, vandalism, lightning, fire, and windstorm.
  • Liability coverage: This type of coverage protects you against lawsuits arising from bodily injury or property damage that either you or your family member causes to third parties. This coverage also covers damages that have been caused by your household pets, like accidentally ruining your neighbor's rugs.
  • Additional living expenses (ALE): If your home is destroyed by a covered peril like smoke, fire, explosions, and others stated in your policy document and render your condo uninhabitable, this policy caters for hotel bills and food expenditure while temporarily residing elsewhere.

Feel free to call or visit us at Schreib Insurance Group offices for queries and detailed information about getting the right renter’s coverage for your condo.

Servicing States

  • Washington

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