Personal Property Coverage
This policy covers repairing or replacing your possessions if they are damaged or stolen in a covered incident.
Whether you're renting a home or an apartment, having coverage is essential. Renters insurance helps you avoid significant out-of-pocket expenses and can assist with coverages to protect your personal property, no matter where you choose to rent. Even if you are renting an apartment in a private home rather than an apartment complex, renters insurance is key to safeguarding your possessions.
Personal Property Coverage
This policy covers repairing or replacing your possessions if they are damaged or stolen in a covered incident.
Stress Property Value Protection: With tenants insured, landlords can reduce compensation claims for structural damage, streamlining property managements, and ensuring smoother operations.
Simplify Leaser Compliance: Enables apartment owners to cultivate a safer and more legally compliant rental environment, while reducing disputes or property damage.
Liability Coverage Advantage: Provides tenants with liability coverage, safeguarding them against claims for incidents like injuries within their rental unit. This proactive protection helps landlords avoid potential complications arising from uninsured tenants.
The average cost of renters insurance in the U.S. is approximately $170 per year, or about $14 per month, though rates can vary depending on coverage and location.
Renters insurance is not typically mandatory, but some landlords may require it as part of the lease agreement.
The amount of coverage varies for each individual. Contact First State Insurance Agency today, and let our experts help you select the option that best meets your needs.
Check the policy documents for the Personal Property limit—this is the total dollar amount the policy will pay to replace your belongings if they are lost or damaged by a covered event.
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© 2025 FSFM - All rights reserved Securities and advisory services offered through NBC Securities, Inc., a Registered Investment Advisor. Member FINRA/SIPC. FSFM is a subsidiary of First State Community Bank. The FSFM name is used by certain employees of First State Community Bank who offer securities, advisory and insurance products and services through NBC, Securities, Inc. NBC Securities, Inc., is under separate ownership from any other named entity. Not Bank Guarantee ▪ May Lose value ▪ Not a Bank Deposit ▪ Not insured by FDIC or Any Other Government Agency NBC Securities, Inc., Client Relationship Summary
Copyright © 2025 First State Insurance Agency, Inc First State Insurance Agency is an affiliate of First State Community Bank due to common ownership. Not a deposit, not FDIC insured, not insured by any government agency, not bank guaranteed and may decrease in value.