Why Renters Insurance is a Must for Tenants
Let’s talk about something that can save you a ton of stress: renters insurance. At PropertyCraft, we’ve seen how important it is for tenants to be covered, especially when life throws unexpected surprises. That’s why all of our standard leases require tenants to have their own renters insurance. Read on to see how this low monthly cost can save you from a big bill in the future.
What Does Renters Insurance Cover?
A common misconception is that your landlord’s insurance covers everything. Unfortunately, that’s not the case. Your landlord’s insurance typically covers the building itself, but your personal belongings? That’s up to you. Here’s what renters insurance can help with:
Protecting Your Belongings: Furniture, electronics, clothes, and more - renters insurance helps replace or repair these items if they’re damaged by fire, water, theft, or vandalism.
Liability Coverage: If someone is injured in your apartment or you accidentally cause damage to another unit, renters insurance can cover legal and medical expenses.
Temporary Housing: If your unit becomes uninhabitable due to an incident (like a fire or flood), your policy can help cover hotel stays or other temporary housing costs.
Still not convinced? Check out this guide to renters insurance for more details.
Rentvine Tenant Liability Insurance
If you’re renting a unit where Rentvine is used, you have access to Tenant Liability Insurance (TLL). While this isn’t a full renters insurance policy, it offers basic liability protection and optional coverage for your belongings. Rentvine makes it simple with two packages:
TLL Only: Covers property damage to the unit or building up to $100,000, plus personal liability and pet liability coverage.
Cost: $7.95/month.TLL with Contents: Includes all the features of TLL Only, plus coverage for your personal belongings up to $10,000.
Cost: $10.95/month.
If you'd like to learn more about how renters insurance works and why it’s important, feel free to reach out to us directly for guidance!
Other Renters Insurance Options in Boston/Quincy, MA
If you’re looking for more comprehensive coverage or just exploring other options, here are some trusted renters insurance providers:
Lemonade: Known for its user-friendly app and quick sign-up process, with plans starting at $5/month.
State Farm: Reliable coverage from a well-known provider, starting at $15/month.
Geico: Great for bundling with other policies, starting at $12/month.
Progressive: Flexible coverage options tailored to your needs, starting at $10/month.
Each of these providers has something unique to offer, so shop around to find the best fit for you.
Why We Recommend It
At PropertyCraft, we’ve seen it all - unexpected disasters, accidental damage, and tricky liability situations. Having renters insurance means you’re prepared for life’s surprises without worrying about losing your belongings or footing a big bill.
While Rentvine is a convenient option, we encourage you to explore all the choices out there. The most important thing is finding the coverage that works best for your needs.
Ready to Get Started?
Renters insurance isn’t just about protecting your things - it’s about peace of mind. Whether you go with Rentvine, Lemonade, or another provider, taking that step to protect yourself is 100% worth it.
Got questions about renters insurance? Reach out to us at PropertyCraft or visit our blog for more helpful tips.