Renters Insurance in Medford, OR

World of Insurance LLC understands the unique needs of renters in our community. With our commitment to tailored coverage options and exceptional customer service, we help tenants protect their belongings and guard against potential liabilities.

What Is Renters Insurance?  

Renters insurance is a policy designed for tenants renting a house, apartment or similar dwelling. This may protect personal belongings and provide liability coverage in case of accidents or damage within the rented property.

What Does Renters Insurance Cover?

While policy specifics vary, renters insurance typically provides coverage for the following:

• Personal property coverage—Personal property coverage may help reimburse you for repairing or replacing your belongings if they are stolen, damaged or destroyed by risks outlined in your policy. The coverage limit varies by policy but may include the replacement cost or the actual cash value of your belongings.

• Additional living expenses coverage—Also referred to as loss of use coverage, additional living expenses coverage provides financial protection if your rental property becomes uninhabitable due to a covered event, such as a fire. This coverage may help reimburse you for temporary housing, meals, pet boarding and other approved displacement expenses.

• Liability insurance—Liability insurance may help cover property damages or injuries to others if you’re at fault. It can also help cover legal fees and judgments if you’re sued after an accident.

• Medical payments coverage—Medical payments coverage may help cover a guest’s medical expenses if they’re injured on your property, regardless of fault. It’s typically used for minor medical claims, while your liability insurance may help cover larger claims if you’re legally responsible for the injuries.

Is Insurance for Renters Important?

Yes, renters insurance is essential. While landlords have insurance for the physical structure, it does not cover tenants’ personal property or liability. Renters insurance may help provide financial protection against unexpected events within your rented property.

Learn More

Whether you’re renting an apartment or a house, World of Insurance LLC is here to help you secure your belongings and avoid liability concerns. With decades of industry expertise, we’ve built excellent partnerships with top-rated insurers to guarantee you get comprehensive coverage at affordable prices. Contact us today or request a free quote.