Renters Insurance in New Jersey

As simple as renting a home or apartment may seem, there are a few things you have to keep in mind. When you're living in a rental, your Wall Township, NJ landlord or property management company will likely require that you have renter’s insurance.

What's Covered?

If you've never had renter’s insurance before, you might be wondering why you suddenly need it. The truth is that renter’s insurance can protect you from a lot of things which you might otherwise take a hit on. For example, you're protected in the event that something is stolen from your rental property. If there's a fire or a sewage backup that causes significant damage to your belongings, those are covered as well.

Renters insurance also includes liability coverage, so you aren't held liable if somebody is injured at your New Jersey home. Essentially, having the right renter’s insurance will protect you from anything which could put you in big financial trouble as a renter.

Renters Insurance Requirements

The interesting thing about renter’s insurance is that there are no New Jersey laws that state that you have to have renter’s insurance. Despite that, it's nearly impossible to find a rental property in the state that doesn't require you to have renter’s insurance. Not only does renters insurance ensure you can cover your own property, it prevents issues between tenants and landlords that can arise from insurance claims. While it depends on the landlord or property management company you're working with, you should always ask about renter's insurance requirements since most properties require you to have it.

As a renter, it's important to protect yourself and your property from any issues that might arise down the line. The good news is that renters insurance makes protecting your property simple. If you need insurance for a rental property in Wall Township, NJ, call an agent at Creative Risk Management LLC to get a free quote today.