Renters Insurance in Kansas City, MO
Whether you live in an apartment, condo or rental home, renters insurance can help safeguard your finances in case of an unexpected damage or liability claim. While it is not legally required in Missouri, landlords or property managers may ask for proof of a policy as part of rental agreements.
What Does a Policy Cover?
Policy inclusions can differ based on the insurer and your personal needs. However, a typical renters insurance policy offers the following coverage:
- Loss of use coverage can help pay for additional living expenses like hotel accommodation and meals if you must temporarily relocate due to a covered occurrence.
- Personal property coverage can cover the replacement of your belongings such as appliances, clothes, electronics or furniture.
- Personal liability coverage can cover expenses related to third-party claims of property damage or bodily injuries.
Talk to your broker if you’re interested in additional coverage for high-value items or flood damage.
How Much Does a Policy Cost?
The cost of a renters insurance policy can depend on several factors. These can include, but are not limited to:
- Property type: Your rates may be higher if you’re renting a single-family home than an apartment or condominium unit.
- Location: If you’re residing in a densely populated area, you may be charged higher premiums.
- Claims history: Your policy may cost more if you’ve made frequent and large claims in the past.
- Coverage selections: You may have to pay a higher rate if you opted for additional coverage.
Where Can I Purchase a Policy?
Contact Safeway Insurance Agency today to discuss your renters insurance options or request a personalized quote.