What You Need To Know About Fire and Rental Insurance

12/20/2018 (Permalink)

Fire damage in an Norman, OK home

Even though you do not own your home, you love your space in Norman, Ok. As such, you have invested thousands in furniture, decorations, keepsakes and personal belongings. While you may not want to think about losing your valuables in a fire, you plan for every contingency. Still, there are some things you should know about your renters insurance.

Fires Can Be Unbelievably Destructive

As you probably know, with either their flames or smoke, fires can destroy essentially everything in your rental unit. While you may worry most about personal keepsakes, you should also understand that fire damage can affect the following:

• Electronic equipment
• Financial records
• Furniture
• Clothing
• Photographs

Because fire and smoke can damage all of your property, you must have a strategy for replacing damaged and destroyed items after a fire.

Rental Insurance Covers Your Property

To know whether you have to pay out of pocket for damaged items, you should know about insurance. The renters insurance you buy typically covers losses to the items you have in your rental unit. Your policy likely does not cover the structure itself, including carpeting and fixtures. Fortunately, your landlord probably has a policy to pay for repairs to the building.

Restoration May Be Possible

You may not have to throw away all of your belongings after a fire. While flames and smoke can cause extensive damage, fire restoration may be possible. Restoration technicians have the expertise and equipment to recommend a post-fire cleanup plan. If you have belongings you love, you should consider asking contracting with a reputable fire restoration service to clean and repair as many damaged items as possible.

With a comprehensive renters insurance policy, you don’t have to worry about replacing your furnishings and other belongings after a fire. When you are shopping for a policy, though, you must look for the right coverage to protect your investment.