You probably understand that renter’s insurance is a wise choice, but you might be unsure about what to consider when selecting a policy. At Patrick McNealis Insurance and Financial Group in Emmaus, PA, we offer renter’s insurance and can help you make informed decisions.

Coverage Limits

Firstly, you’ll want a policy that suits your coverage needs. Generally, you’ll enjoy coverage for your personal belongings that matches or surpasses the total value of all your possessions.

Renter’s insurance also includes liability coverage. Ideally, your liability coverage should be equal to or greater than your net worth.

Most policies also include additional living expenses coverage, which covers expenses if a covered event temporarily renders your home uninhabitable.

Scope of the Policy

Understanding what your policy covers is crucial when choosing insurance. Most policies cover damage due to fire, storms, explosions, vandalism, and theft. They also cover damages to others’ property and injuries sustained by non-household members.

In addition, most policies cover your personal belongings even when you are away from home. For example, if your laptop is stolen from your car, your renter’s policy would typically cover this.

Optional Coverage Options

You may want to consider additional coverage options. If you possess valuable items, you should consider getting riders to cover the value of these items fully.

Additional coverage for natural disasters like earthquakes or floods or extra liability protection might also be worth considering. If these types of coverage are crucial to you, be sure to select a policy that offers them.

Renter’s Insurance at Patrick McNealis Insurance and Financial Group

If you need renter’s insurance in Emmaus, PA, contact Patrick McNealis Insurance and Financial Group. Our agents are ready to discuss your needs and help you select the right policy.

Life insurance has many benefits. A one-size-fits-all approach doesn’t apply to life insurance. Depending on the terms of your policy and the benefits, a life insurance policy can meet many needs. Term life insurance and whole life insurance are two forms of insurance that people can choose from when deciding on a policy. Our team at Patrick McNealis Insurance and Financial Group can help Emmaus, PA, residents choose a policy that best fits their needs.

What is life insurance?

Life insurance is designed to pay your chosen beneficiary or beneficiaries a lump sum of money when you pass away. People can invest in life insurance that will span their entire lives or invest in a policy for a set amount of time. An insurance agent can help you explore the pros and cons of each type of insurance. When you invest in life insurance, you pay a monthly sum every month. Some policies have living benefits or benefits that are available to you while you are still alive. If you fail to make your monthly payments, you void your insurance policy, and your beneficiaries aren’t eligible for a lump sum payment when you pass away.

I’m a renter and have few assets. Should I invest in life insurance?

Even if you don’t have many assets, life insurance can still have benefits you can take advantage of. If you name a beneficiary, the lump sum they receive can pay for your final expenses and any other expenses you may have. This can be helpful if you’re worried about leaving your family with bills or with a costly burial. Life insurance can provide final expense payments and burial as a benefit. If you have questions about life insurance, call us. We’d be happy to answer them. 

At Patrick McNealis Insurance and Financial Group in Emmaus, PA, we protect renters from unexpected emergencies. We help tenants feel secure and covered by offering renter’s insurance policies with their goals in mind. As an insurance agency, we receive some questions about renter’s insurance more often than others. For this reason, we decided to answer some of those frequently asked questions.

What Is Renter’s Insurance?

Renter’s insurance is a form of coverage that protects tenants and their valuable belongings against theft, damage, and liability. You probably qualify for renter’s insurance if you rent an apartment, townhouse, or other dwelling. If you’re a homeowner, homeowner’s insurance would be a more appropriate policy choice.

What Does Renter’s Insurance Cover?

While every policy offers individualized terms and limits, the renter’s insurance policies generally cover the rental unit and the valuable contents inside. They tend to provide a combination of liability, damage, and theft coverage. Most renter’s insurance policies only cover stolen items and damage up to a certain limit. Some policies may also cover liability if someone is injured in the unit and the renter’s insurance policyholder is found to be at fault.

Do I Need Renter’s Insurance?

Although we can’t answer that in a blog post, we can say that most renters need renter’s insurance; even if your lease doesn’t require it, it’s good to have protection. If your roommate or housemate has a renter’s insurance policy, you still might need your own policy to protect your belongings or increase the limits of your renter’s insurance policies. Additionally, having your own renter’s insurance policy means that your roommate’s renter’s insurance claims may not affect your policy.

Call Patrick McNealis Insurance and Financial Group in Emmaus, PA for a renter’s insurance quote.

For everyone who rents, there are many risks that you face as a renter. Many of these risks can be protected against by a renters’ insurance policy. One of the first things you need to do when renting a new place is to get your renters’ insurance secure. In today’s rental climate, you often have to show proof of being insured before signing that lease. To get your renters’ insurance in Emmaus, PA, call us now at Patrick McNealis Insurance and Financial Group. 

Protection of Your Things

As a renter, most of your things will be located inside your rental. So, what happens if there is an event that damages the rental and your belongings? Your renters’ insurance doesn’t cover the building itself, as the landlord has to insure that. However, it does cover all of your belongings that are inside it. When they are destroyed, your renters’ policy will help you to get them all replaced without the money coming from your own pocket. This can be a big help after a damaging event. 

Protection for Liability

When you have a lease, you are responsible for much of what happens on the property. If a third party were inside your rental and then had an accident, you are likely to be held liable for all the costs resulting from that accident. This includes the wages the person misses after being injured and the medical bills that will be charged. This insurance protects you by paying for all those costs to keep you from having to pay them. 

Get Renters’ Insurance

It’s never a good idea to rent without having a renters’ insurance policy. Call us at Patrick McNealis Insurance and Financial Group to get yours in Emmaus, PA.

If you rent an apparent or house, renters insurance is what you need. The purpose of this insurance is to protect tenants and their personal belongings from water damage, fire, and theft. Many tenants decide to save some money and not to buy renters insurance. However, it might be a risk that is not worth taking. Here is a list of risks that tenants may face if they decide not to purchase renters insurance:

Risks of Not Having Renters Insurance

Here is a list of reasons why skipping renters insurance is not a good idea:

• If your possessions are damaged or stolen, they will not be reimbursed. For example, if there was a fire in your home that damaged or destroyed your personal belongings, you will have to pay for repairs and replacement out of your pocket. 
• You can get evicted without renters insurance. It is stated in some leases that renters insurance is a requirement. Thus, if you signed a lease and agreed to maintain renters insurance coverage, you are risking getting evicted by your landlord. 
• If your apartment or house is damaged, you will not have a place to live. If the place you live gets seriously damaged and becomes uninhabitable, you will need temporary housing. Usually, it is paid by insurance, but if you do not have renters insurance, you will have to pay for housing itself.

Patrick McNealis Insurance and Financial Group serving Emmaus, PA – We Are Ready To Assist You In Any Capacity 

If you are renting a home in Emmaus, PA or any other surrounding area, you need to carry renters insurance to protect your personal belongings and yourself. Patrick McNealis Insurance and Financial Group provide their clients with all types of insurance services, including renters insurance. We treat our clients with the respect they deserve and always help them find perfect insurance policies addressing their needs. Visit our website or give us a call if you have any questions. 

Renting a place to live can be exciting, but it also comes with some decisions that need to be made. One of those is the best way to protect your personal belongings, and you can do that with renters insurance. At Patrick McNealis Insurance and Financial Group, we help people in the Emmaus, PA area find the insurance products that are right for them. Reach out to us today, and we’ll make sure you can get the renter’s policy that’s going to cover your belongings properly. It’s not always easy to know what to choose, but it’s much less stressful with the right people on your side.

Our dedicated agents will help you protect the belongings you bring into your new rental space, so you can feel good about the protection you have and enjoy peace of mind in your new location. That’s a great way to feel more secure and to sleep better at night. When you’re unsure about the type and level of coverage you’re looking for, talking it through with knowledgeable professionals can make all the difference. That will give you confidence that your belongings are being protected the right way and let you focus on exploring all that the area has to offer.

If you’re in the Emmaus, PA area, contact us today at Patrick McNealis Insurance and Financial Group. We’ll help you find the renter’s insurance policy that’s going to cover your belongings and meet your needs. Remember, your landlord only has insurance on the structure and not on the contents. Your belongings won’t be protected from loss unless you insure them, and we can help you do that the right way. We can also review your coverage periodically to ensure you have what you need to protect your belongings the right way for the long term.