Your home may be rented, but your peace of mind is yours to keep.
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Personal Coverage
Home, Auto, Renters
Personal renters insurance protects what matters most—your belongings, your security, and your sense of home.
Your home may be rented, but your peace of mind is yours to keep.
Click Here
Personal Coverage
Home, Auto, Renters
Personal renters insurance protects what matters most—your belongings, your security, and your sense of home.
Do I Need Renters Insurance?
If you’re renting, the answer is likely yes. While your landlord’s insurance covers the structure of the building, it does not protect your personal or business belongings inside the space. Here are some scenarios where renters insurance is essential:
Personal Renters: Protect your personal belongings against theft, fire, or water damage.
Commercial Renters: Safeguard your equipment, inventory, or furnishings from unexpected events.
Many landlords and leasing agreements now require tenants to have renters insurance to mitigate liability risks.
Even if it’s not required, renters insurance provides peace of mind and financial security for both Personal and commercial tenants.
Is Renters Insurance Required in Georgia?
Renters insurance is not legally required in Georgia. However:
Many landlords require renters insurance as part of the lease agreement to protect their interests.
Commercial leases often mandate insurance coverage to safeguard both the property owner and the tenant.
Even if not required, having renters insurance is a smart way to ensure you’re financially protected from unexpected events.
How Much Should I Expect to Pay for Renters Insurance?
The cost of renters insurance in Georgia depends on factors such as the value of your belongings, the location of your rental, and the amount of coverage you select. Here are some averages:
Personal Renters Insurance: Typically ranges from $15 to $30 per month for $25,000 in personal property coverage and $100,000 in liability coverage.
Commercial Renters Insurance: Costs vary widely, typically ranging from $300 to $1,000 annually, depending on the type of business, the value of equipment, and the risk profile.
What Does Renters Insurance Cover?
Personal Renters Insurance Covers:
Personal Property: Protects belongings such as furniture, electronics, clothing, and jewelry from covered events like theft, fire, or vandalism.
Liability Coverage: Covers legal costs if someone is injured in your rented home or if you accidentally cause damage to someone else’s property.
Additional Living Expenses: Pays for temporary housing and other costs if your rental becomes uninhabitable due to a covered event.
Commercial Renters Insurance Covers:
Business Equipment: Protects office furniture, computers, tools, and other essential items.
Inventory: Covers the cost of lost or damaged inventory for retail or storage spaces.
Liability Coverage: Protects your business from lawsuits if a customer or client is injured on your rented property.
Loss of Income: Helps cover lost revenue if your rented commercial space becomes unusable due to a covered incident.
What Does Renters Insurance NOT Cover?
Personal Renters Insurance Exclusions:
Floods or Earthquakes: These require separate policies.
High-Value Items: Some policies may not fully cover expensive items like fine jewelry or art without additional riders.
Roommate Belongings: Only covers the belongings of the policyholder, not their roommates.
Commercial Renters Insurance Exclusions:
Employee Injuries: Covered by workers’ compensation insurance, not renters insurance.
Commercial Vehicles: Requires a separate commercial auto insurance policy.
Intentional Damage: Does not cover damage caused intentionally by the tenant.