Can a Landlord Require Me to Get Renters Insurance?

Let’s say you’ve found your dream apartment. It’s a short commute to work and has wonderful amenities. Your possible landlord has reviewed your application and finds it to be satisfactory. Then, you’re asked to get renters insurance to complete the lease. This is unexpected and you aren’t sure a landlord can require this.

The answer is “yes.” Landlords can require tenants to have a policy for renters insurance. The reason landlords in NE Arkansas request their renters to get insurance is to avoid possible disputes that could arise should the tenant’s personal property get damaged while living in the property. Even if your landlord doesn’t require it, you may want to get a policy.

For an average renter, this insurance gives protection and coverage for these:

Extra Living Costs

In the event your apartment building or rental home remains temporarily unlivable because of destruction following a covered catastrophe, like a fire, renters insurance could help pay for unanticipated extra expenses, such as a hotel bill, as long as you can’t live in the rented home.  

It’s important to remember the coverage has limitations. The most an insurer like GTW Insurance pays for covered damages is detailed in your specific policy. You want to get insurance with adjustable policy limits, so your coverage meets your different needs.

Liability Insurance

Should you become legally responsible for another person’s property damages or injuries, liability coverage could help to keep you from having out-of-pocket expenses for corresponding costs. Imagine you are in your home being inattentive. You leave the water running in the bathtub and the water overflows and damages the apartment beneath you or your bathroom floor. Liability renters insurance could pay for the repair costs.

Coverage for Personal Property

If your belongings get ruined or damaged by a covered danger, renters insurance in NE Arkansas may pay to replace them. This coverage means if fire damages your apartment or rental home, you’d get your clothing or furniture replaced or repaired.

Renters insurance in combination with your landlord’s insurance policy helps keep a horrible situation from escalating and getting worse. If you have questions about renters coverage, contact GTW Insurance today.

What to Do If You’ve Had a Motorcycle Accident

No one wants to think about being involved in a motorcycle accident.  Riding a motorcycle in NE Arkansas and further out means an accident can happen.  It’s better to have some idea of what to do just in case you’re involved in one.  There are some important things to do after an accident:

  • Always get a quick medical check because you could have an injury that doesn’t show up right away.  No medical assessment is a common mistake for motorcyclists, and they can suffer serious injuries that show up later.  For example, a rider was sitting at a stop light and the back wheel of the motorcycle was hit by a car.  The rider didn’t notice any injury at the time, two weeks later shooting pains started in the upper back and it turned out to be a spinal fracture.
  • Gather evidence to support your case.  It’s important to take photos of the damage to your motorcycle, as well as photographs of the other driver’s vehicle.  Be sure to get a copy of the police reports with the statements made at the time of the accident.  Collect the items damaged, such as your helmet.  Gather all witnesses’ names and contact information.
  • Never take responsibility for a crash at the time because it can be unclear who might be at fault until all the evidence is collected.  It may seem like your fault from your perspective, but when accidents happen, it can be challenging to have the full picture and information can be ambiguous and confusing.

GTW Insurance

GTW Insurance has been providing quality insurance in the NE Arkansas area since 2007.  If you need motorcycle insurance, contact an experienced licensed professional GTW agent today to explore your specific motorcycle coverage needs.