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724 Bielenberg Drive, Ste 5
Woodbury, MN 55125

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Minnesota Insurance Blog

Everything You Always Wanted to Know About Renter’s Insurance

There are some advantages to living in a rental property. If a pipe bursts or a pest problem gets out of hand, you can always get your landlord to take care of it. However, your landlord can’t be held responsible for everything, so having some renter’s insurance to cover the unforeseen is a good idea. Of course, there are a few things you may want to know before getting into renter’s insurance. 

Is Rental Insurance a Requirement?

Not by law, but some landlords will make it part of the lease agreement. It’s proof that you’re a low-risk tenant and will cover housing costs should you be displaced due to damage to the rental property. 

What All Does Rental Insurance Cover?

The standard policy covers liability, medical payments, loss, and personal property. If someone or their property is damaged on your rental property, rental insurance covers that and pays off their medical bills. If you can’t use your rental property because of damage, rental insurance will pay your hotel fee and restaurant bills. If your belongings are damaged, rental insurance will cover that. 

Is Rental Insurance Expensive?

Some policies are so inexpensive that college students can afford them. College students and renters with very little in the way of savings are prime candidates for rental insurance to prevent being wiped out by an unavoidable disaster. 

Will My Roommate’s Policy Cover My Belongings?

This is one thing roommates don’t typically share. Not all insurance companies or states will allow roommates to share a policy, so it may be best to get your own.  

Contact Kriener Insurance in Woodbury, MN

Do you have more questions? Most likely, you do. If you are in Woodbury, MN, the agents at Kriener Insurance will be happy to help with any questions or concerns. 

You May Need Renters Insurance More Than You Think

Renting a home or apartment has become a popular option for many people. Individuals who do not want the financial responsibility of home ownership may choose to rent. People often think they don’t need renters insurance because they choose to live minimally and have few possessions. However, they might not realize how expensive it would be to replace the items they do have. Renters insurance is a cost-effective way to protect yourself against costly losses if a hazard occurs. At Kriener Insurance in Woodbury, MN, we can help you get the insurance coverage you need while renting your living space.

Everyday Items Cost Thousands To Replace After A Loss

Fire, theft, or vandalism can be an upsetting event, but it can also be expensive. You may have designer clothing that would be a significant expense to replace. You may have high-end electronic equipment that you depend on for work or for your own personal use that would make a big dent in your savings to replace. Sports or gym equipment can be a significant expense to replace after a loss event. If you have jewelry, furs, or artwork, you would have a significant loss if you had to replace these items on your own. That’s why renters insurance makes so much sense. If an unexpected loss occurs, you are not left with the full cost of restoring your possessions.

What Does Renter Insurance Cover?

Many renters think their landlord’s insurance will cover their possessions if a loss occurs, but this is not the case. Renters insurance covers such items as clothing, shoes, furniture, electronics, appliances, home linens, hobby equipment, musical instruments, bicycles, and kitchen equipment. Your renter’s insurance policy also provides funds for alternative living costs while your apartment is being repaired and restored, which also helps to limit your costs when a loss occurs.

Renters Insurance Also Protects Your Finances

Renters insurance also provides liability coverage in case someone is hurt while on your property. Insurance coverage can protect you against expensive lawsuits resulting from a fall, a dog bite, or other accidents.

Make Kriener Insurance Your Agent For Renters Insurance

If you have questions about renters insurance coverage, you can rely on our experienced agents in Woodbury, MN to provide the answers you need to make the right decision. We offer many insurance products for our clientele, including auto, home, watercraft, health, and life. Contact Kriener Insurance today for a no-obligation quote on renters insurance that will help you avoid expensive replacement costs in case of a loss event.

Do You Need to Add Your Children to a Renters Policy Once They Turn 18?

Children do not always leave the nest as soon as they turn 18. As such, you may have your child living with you once they are legally an adult. One of the questions that we at Kriener Insurance, serving the greater Woodbury, MN area, are often asked is whether you need to add your children to a renters insurance policy you may have once they turn 18 or if they are still covered under your policy as they were when they were a child.

Do You Need to Add Your Children to a Renters Policy Once They Turn 18?

As a general rule of thumb, no, you do not need to add your children to a renters insurance policy once they turn 18. Most renters insurance policies cover the policy owner as well as any immediate family members living in the space, which would include adult children. 

Reasons You Should Consider Adding Them Even If You Do Not Have To  

While you may not be required to add your adult child to your renter’s insurance policy, either adding their name to your policy or having them get their own policy is recommended, especially if they have costly possessions, such as electronic devices, jewelry, artwork, or designer clothing. This helps to ensure that the policy limits on the policy cover both you and your adult child or children adequately. 

Give Us A Call

If you are looking to purchase a renters insurance policy in the greater Woodbury, MN area, Kriener Insurance would love to help you find the perfect policy to protect you and any young or adult children you may have living in your rental home with you. Reach out to us today to schedule an appointment to discuss your rental insurance needs.   

5 Things You Need to Know About Renters Insurance

As a renter, you may not think that you need insurance. After all, your landlord’s insurance should cover any damage to the property, right? Wrong. Renters insurance is a vital form of protection for anyone who is currently renting. Consult with us at Kriener Insurance in Woodbury, MN to learn more about your options.

Here are five things you need to know about this form of insurance:

1. It’s Not as Expensive as You Might Think

One of the biggest myths about renters insurance is that it’s expensive. The truth is, it’s actually quite affordable, and when compared to the cost of replacing your belongings, it’s a bargain.

2. It Covers More Than Just Your Belongings

While most people think of renters insurance as protection for their belongings, it does much more than that. Renters insurance also provides liability coverage if someone is injured while on your property. This is important because it can help protect you from being sued.

3. It’s Not Just for Those Who Own Valuables

Another common misconception about renters insurance is that it’s only for those who own expensive items. This simply isn’t true. Even if you don’t have any expensive belongings, it’s still a good idea to have this type of insurance.

4. You May Need Extra Coverage for High-Value Items

If you own any expensive items, such as jewelry, you may need to purchase additional coverage to be fully protected. Most renters insurance policies limit the amount they will pay for certain items, so it’s important to check with your agent to ensure all of your belongings are covered.

5. It’s Worth the Peace of Mind

At the end of the day, renters insurance is worth it for the peace of mind it provides. Knowing that your belongings are protected can give you a sense of security and help you sleep better at night.

Give Us A Call

Now that you know more about renters insurance, it’s time to get protected. Contact us at Kriener Insurance in Woodbury, MN for all your insurance needs. We’ll work with you to find the right policy for your situation and help you get the coverage you need at a price you can afford. Give us a call today to get started.

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.

How Renters’ Insurance Works

When you live in a rented home, you need to have renters’ insurance to protect yourself and your finances. If you don’t have one of these important policies in place, call us right away at Kriener Insurance in Woodbury, MN to talk to an agent. 

Your Possessions

When you rent a home, chances are that everything you own is inside it. That makes it vital that you have a renters’ insurance policy. This type of policy protects you by covering your belongings against being ruined or destroyed. If an accident, calamity or disaster results in your items being seriously damaged or completely destroyed, your renters’ policy would help you to get them replaced. This is valuable for every renter so that they never find themselves without anything after a serious incident. 

Covering Your Standard of Living

If you live in a rental, what happens to you if it is seriously damaged or destroyed? If you don’t have any insurance, chances are that you would be out of luck and have to try to come up with enough money to live elsewhere while the repairs were being made. However, with a renters’ policy, your policy will pay for you to move to a habitable address and to stay there until you can return to your rental. This allows you to keep a stand of living that is similar to what you had before the incident happened. 

Protecting Your Finances

If you were to have someone in your rental that had an accident and became injured, you would likely be liable for their medical bills. If you don’t have renters’ insurance, you are likely to be sued for those bills. However, with a renters’ policy, those bills get paid by the policy, and no lawsuit is required. 

Get Your Renters’ Policy

If you don’t have this policy in place, call us at Kriener Insurance in Woodbury, MN.

Renters Insurance Myths Exposed

Based in Woodbury, MN, Kriener Insurance assists the community by helping residents find the insurance coverage that they need. We understand that each of our clients has a unique situation, which is why we are committed to making sure that they find coverage specifically designed to help their case.

Renters Insurance

Renters insurance ensures that you will be protected if something happens to your property. The policy covers all of your belongings inside of the property. You can amend the policy so that any guest items stolen while located at your home are also covered. If your property is damaged and needs to be repaired, the policy will cover you while you are lodging somewhere else. The policy also includes liability coverage to protect you if someone gets injured while visiting your property.

Renters Insurance Myths

While you are researching different policies, beware of some common renters insurance myths.

I Don’t Need Insurance.

Many renters believe that they don’t have items that are classified as valuable, so they don’t need insurance. That is a mistake. All of your belongings hold some value. In the event that your electronics are stolen, renters insurance provides a safety net.

I’m Covered Through My Landlord

Your landlord’s policy covers the physical property but does not cover your personal items. Therefore, it’s vital that you have a renters insurance policy to make sure that your items are protected in the event of a natural disaster.

I’m Careful With My Stuff, So I Don’t Need It.

You never know when circumstances happen that you can’t prepare for. There could be an accidental flood or fire. It’s crucial that you have coverage so that your property will be protected regardless of any situation.

Consult With Kriener Insurance

For more information on rental insurance policies, please stop by our office in Woodbury, MN.

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