As a renter, you don't want anything that brings harm to you or your possessions. However, sometimes, things happen that are beyond your control. For example, a fire might break out and destroy your property. Even if you took steps to reduce fire risks, they clearly didn't completely eliminate the risk of one occurring.
It's certainly important to take fire safety precautions as a renter. However, you also need protection in the event that a blaze breaks out anyway. This is where a comprehensive renters insurance policy can help.
Renters Insurance and Fire Coverage
Renters insurance often comes with two standard types of coverage — liability and personal property coverage.
Liability coverage can help protect renters if their actions lead to unintentional injuries or property damage. For example, let's say you accidentally knock over a candle that causes a fire and substantial property damage. Liability coverage may help you compensate the property owners for the damages to their owned property. The owner or landlord's insurance may also cover fire damage.
Personal Property coverage can help renters protect damage to their own personal property. As a renter, you likely own most or all the possessions inside of the rental home. By placing a value on your possessions in your policy, you can help replace these items should a fire destroy them.
Most renters don't have to worry about how to repair property damage or replace personal items after a fire. Their renters insurance policy should help. Nonetheless, every policy differs, and some might exclude certain fire damage scenarios. Renters should ensure that they have the right fire coverage for their specific property.
Proper Fire Prevention Steps in Rental Properties
When you rent a home, you should often consider yourself a guardian of another person's property. You should do everything you can to reduce fire risks. This can protect both you and the property owner.
- Before moving in, make sure the homeowner has had the home inspected by a third party to ensure it meets fire code.
- If you notice frayed wiring, damaged electrical systems, clogged chimneys or other fire risks, tell the homeowner. They will need to have someone repair the damage.
- Use all electrical appliances in the home appropriately. These are flammable systems, and should be treated with care. Only operate them according to manufacturer recommendations.
- Monitor your own usage of flammable materials, such as candles or heating irons. Never leave these items unattended.
Remember, renters insurance will likely cover you for in the event of an accidental or uncontrollable fire. But you won't be covered if the fire was a result of negligence. Also, never set a fire on purpose. This act is considered arson. And arson is felony crime in most states, including Minnesota.
We can help you find coverage. Call Lancette Agency, LLC at (651) 264-1230 for a free Minnesota renters insurance quote.