Rental Insurance
Request a no-obligation proposal for renter’s insurance.
Landlords can now offer renters insurance to protect their assets and personal property by referring them to TTIB.
We are proud to team with property managers like Steve Weinman of Tacoma’s Family Real Estate Service and Jason Clifford of Puyallup’s SJC Management Group. Companies like theirs help customers who are buying, selling and renting homes. We have also, partnered with the Rental Housing Association of Puget Sound where you can locate tenant and landlord resources.
TTIB has the answers to your Questions.
What do I need to know about Renter’s Insurance?
Why should I have Renter’s Insurance?
What about LIABILITY?
Recent news articles to note
Resources
What do I need to know about Renter’s Insurance?
Coverage is very affordable! ,Many policies are less than $30 per month
ASK questions!
- Ask us what is available and what is recommended for your situation
- Ask us about the difference between “Replacement Value” coverage and Actual Cash Value (ACV) policies and the costs for these policies
As a brokerage, we shop for the best coverage at the best price — don’t settle for the cheapest policy as you might be surprised if there is a loss.
- Discounts – Often you get a discount if both home/renter’s,and auto policies are purchased with the same company
- Valuable item coverage – firearms, camera equipment, jewelry, art, etc – you may want separate coverage for these items
- Policy limits – know what your coverage limits are and ask about the cost to increase those limits depending on what you own… often the cost for additional coverage is only a few dollars more.
Why should I have Renter’s Insurance?
Renter’s Insurance covers fire damage and theft of your personal property that you keep inside your rental unit.
Whether by burglary, robbery or fire — if you want to be able to replace all of your things, you should never be without renter’s insurance., The cost of renter’s insurance is very minimal compared to what it would cost to replace everything you own., Most people don’t realize the actual cost to replace things until it is too late., I would guess that the average person owns between $20,000 and $50,000 in personal belongings – think of all the clothes you own, electronics like TV’s, computers, cameras, and phones, plus every item in your kitchen from dishes to pots/pans and silverware, and all the food items — it adds up very quickly if you have to buy things all at one time.
If someone gets hurt or property is damaged by something caused by you or your family – you might get sued and be responsible for the expenses., Do you have money to pay for these expenses?
What if there is an accidental fire – maybe from cooking or a BBQ and it is ruled “accidental” – if you caused the accident you could be liable for the damage caused to the rental unit, neighbor’s belongings, plus any damage to your own things.
What if you dog bites or injures someone — do you have insurance to cover these things?, Many home owners and landlords require tenants with dogs to obtain Renter’s Insurance that will cover pet owner liability – with minimum liability coverage of $300,000 and must list the owner as “additionally insured” on the policy., Without proof of insurance, you may have to get rid of your favorite dog or vacate.
Maybe you have an aquarium and it breaks and causes water damage to the carpet, floor and wall… who will pay for the damage?
- 10/14/11 Bremerton received a BetterBuildings award from the U.S. Department of Energy
- 9/30/11 Groundbreaking is set for two seven-story apartment towers near the Tacoma Mall.
- 9/26/11 After paying rent for his entire 13-year military career, it was time to invest in a house
- Foreclosure and How To Avoid It
- Landlords are needed. 7/14/11 Apartments, rental homes in demand in South Sound
- Renter’s insurance is important. 6/30/11 $750,000 fire at Renton apartment complex ruled accidental
- Our rental market is very strong. 07/27/11 Housing occupancy declines, but rentals up in some spots