Renters insurance is an affordable insurance instrument for tenants to cover their personal property against unexpected damages and
injuries from perils including fire, theft, and vandalism
Renters insurance covers one's belongings including furniture, clothes, appliances, electronics against theft, damage, death or disability caused by terrorism , accident, burglary or Earthquake. Also, the injuries that happen at the place, lawsuits/legal fees if someone sues you and even hotel expenses if you need a place to stay in certain circumstances are all covered
Your landlord's insurance is very likely to cover the rented property and not your belongings. But renters insurance covers it all from clothes and furniture to cash, electronics and more. You're reimbursed up to the cost to buy new, not their depreciated value.
Your renters' insurance policy shall also offer coverage for your medical bills and others if they're injured at your place. Partial disability, Permanent disability and death in these cases shall be covered.
Get coverage for your accommodation or hotel expenses if you need a place to stay while your rental premises get repaired.
|Coverage type||Coverage limit in Rs.||PREMIUM in Rs.|
|STANDARD FIRE & SPECIAL PERILS INSURANCE||10,00,000||300|
|BURGLARY INSURANCE (ON 10% FIRST LOSS BASIS )||10,00,000||100|
|ALL RISK INSURANCE||30,000||300|
|FIDELITY GUARANTEE INSURANCE||10,00,000||100|
|TOTAL ANNUAL COVERAGE