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| In most cases, a landlord's Illinois apartment insurance covers only structural damage to the building itself—and many landlord policies don't even go that far if the damage is caused by a tenant. If you leave the tub running and it turns your floor into cardboard and dribbles downstairs, damaging your neighbor's couch, you may be liable for the whole drippy mess. If your building went up in flames, your landlord's coverage would include repairs, but only to the building, not to the possessions of tenants. Renters insurance will cover your possessions in case of a loss. |
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| Illinois apartment insurance will insure all of your property within your apartment. Some policies will also cover your property when it's outside of your apartment. For example, if your bike is stolen when it is parked at your friend's apartment, your renters insurance may reimburse you the cost of your stolen bike. Renters insurance also covers fire or water damage. |
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| A Illinois apartment insurance policy extends beyond on-premise theft and hazards. If your suitcase is stolen while you're on vacation, you'll likely be covered. Same with property stolen from your car. If you're prone to barroom brawls—well, you might need more help than renters insurance, but you'll probably be covered if you hurt someone. Speaking of injuries, you'll also likely be protected if someone slips and sprains their ankle at your annual dance-a-thon; you may even receive compensation for legal defense costs in the case of a lawsuit. |
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| In considering the type of Illinois apartment insurance to purchase, consider a replacement-cost policy. With a replacement-cost policy your renters insurance policy would foot the bill for you to buy new items that were lost or damaged. A replacement-cost policy will increase your premium slightly, but it can be well worth it. |
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| In order to protect your belongings, you should buy Illinois apartment insurance policy. Most renters insurance policies will cover all of your personal property. And protection is worldwide. If your clothes are stolen while you are on a vacation in the Bahamas, you are covered. Nice, isn't it? As you can see, renters insurance is one type of insurance you should not be without. |
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| Illinois apartment insurance policies have limits on reimbursement for expensive items. If you have computer or stereo equipment or costly jewelry, you may want to insure those separately. If you have items of great sentimental value, they obviously can't be replaced and you should put them in a safe deposit box. Make sure you discuss your expensive items with your agent when purchasing renters insurance |
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| Illinois apartment insurance will protect your property from theft, fire, and other perils. One common myth is that your landlord's insurance protects you. This is false. Your landlord's insurance only covers the dwelling and does not cover your personal property. Another myth is that you don't own that much stuff and that it isn't worth buying insurance. This is also false. Once you make a list of all your belongings and estimate their value, you realize that own thousands of dollars worth of property. The average person has over $20,000 worth of stuff. Surprised? A renters insurance policy will cover your belongings. |
