If you are living in rented accommodation such as an apartment, house or mobile, you should consider having tenant's insurance coverage. Your furniture and contents may not look like they are worth much, but can you afford to replace them yourself if they were stolen or destroyed? Following are a few facts about this type of insurance:

Basic tenant's insurance policies provide replacement cost coverage on common household items. In addition, all policies will have "special limits" of coverage on some types of property such as money, securities, computer software, jewelry, bicycles, garden tractors, etc.

Tenant's policies provide an additional 20% of the contents amount for additional living expenses. This will provide coverage for any increase in living expenses necessary to maintain your normal standard of living should you not be able to live in your residence because of damage to it caused by fire, explosion, smoke, rupture or water escape, subject to exclusions.

One important part of a tenant's insurance policy is Personal Liability coverage. It will pay all sums you become legally liable to pay as compensation for loss because of bodily injury or property damage. It includes your personal activities, your use or occupancy of premises and animals or pets you own or which are in your care. It will also cover claims you are legally liable to pay because of property damage to premises or contents which you rent, use, or are in your care, provided the damage is caused by fire, explosion, smoke, rupture or water escape, subject to exclusions.

Tenant's Insurance is an inexpensive way to get peace of mind. Don't wait until it is too late!!

Contact Mooney Insurance Agency Ltd. to discuss tenant's insurance.

For more information, E-mail us at info@mooneyinsurance.com