You do not have to be a homeowner to protect your personal belongings within your current residence. If you are looking for Renter’s insurance in Iowa, PDCM Insurance is here to help. Renter’s insurance is a form of property insurance that provides you with most of the benefits that Homeowner’s insurance does. It provides coverage for a policy holder’s personal belongings and liability within a rental property. It does not, however, account for the structure of the residence, with the exception of minor alterations made to the structure by a tenant.
Renter’s insurance applies to anyone renting or subletting an apartment, single family home, townhome, condo, studio, loft, or duplex. It protects against losses to their own personal property against hazards such as fire, theft, and vandalism. It is very important to know what types of damage your insurance policy covers, and to understand that the landlord or owner of the building is not responsible for the tenant’s belongings, only for insuring those within the building. Most rental properties include a requirement in their lease that the tenant must hold renter’s insurance. This way, if the tenant damages the property themselves, the landlord and other tenants can recover against the perpetrator’s insurance.
If you are a leasing a residential space, take advantage of this opportunity to protect your personal belongings. At PDCM Insurance, we can help insure that you have protection for the things that are most important to you. There is no better place than PDCM to find Renter’s insurance in Iowa.