Liability
protection in a renters insurance policy protects covered policy holders from directly taking on the full financial cost of payments for medical care and property repairs as a result of their negligence.
The specific
language in a renters insurance policy that specify your rights and responsibilities as a policy holder, as well as those of the insurance company you have contracted with for coverage.
You pay your premium, and the insurance company agrees to pay if a certain defined set of things happens.The insuring
agreement in your renters insurance policy even says that the risk assumption is in return for you paying the premium.
You pay your premium, and the insurance company agrees to pay if a certain defined set of things happens.The insuring agreement
in your renters insurance policy even says that the risk assumption is in return for you paying the premium.
The most commonly named perils
in renters insurance policies in Albany, NY, are: water damage; fire damage; theft; vandalism; falling objects; lightning damage; and wind damage.
These are the events, or problems, that you are covered
against in your renters insurance policy, and they include: falling objects, vandalism, fire, theft, lightning damage, electrical surge, water main break, and wind or hail damage.