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Kriener Insurance

724 Bielenberg Drive, Ste 5
Woodbury, MN 55125

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Minnesota Insurance Blog

A Brief Guide to Renters Insurance

Whether you are getting your first place of your own, or you are downsizing and need to rent for a little while, you want to ensure that you consider renters insurance in the midst of everything else you need to do. Some view renters insurance as unnecessary, but if there is an unexpected disaster that crops up, this type of insurance can save you from financial hardship. Kriener Insurance, serving Woodbury, MN, wants to share a few things you need to know about renters insurance.

How It Works

Renters insurance offers a bit of a safety net for you when you are living in a property you must pay monthly rent on. Renters insurance covers primarily structural damage, but it may also pay out for the damage or theft of some of your personal belongings.  

What It Covers

Basically, a renters’ insurance policy will offer coverage to repair/replace your belongings if they are damaged by a covered peril or stolen. As a general rule, renters insurance will pay to put you up in a temporary home in the event that a covered peril leaves your home inhabitable. This coverage also covers medical and legal expenses if an individual injures themselves on your property. 

Is It Required?

More often than not, renters insurance is not mandatory. However, a landlord has the right to require renter’s insurance from their tenants. Even if it is not required, you may want to consider purchasing a renters’ insurance policy. Your personal possessions, from clothes and furniture to appliances and electronics, hold a lot more value than you think. 

If you are renting and would like to obtain your own renters’ insurance policy or learn more about how you can benefit from this type of coverage in Woodbury, MN, contact Kriener Insurance.

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