Renters Insurance in Nevada

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There is no legislation that mandates tenants to purchase renter’s insurance. However, some landlords and property management agents won’t allow you to rent their property without renters insurance.

Need to learn more about renter’s insurance? Red Rock Insurance of Las Vegas, NV can share insights on renter’s coverage.

Why you need renter’s insurance

When moving to a new apartment or condo, there is a lot to do. However, amid the hustle and bustle of moving, you need to put renter’s insurance high on your priority list for the below reasons:

Personal property protection

The next time you are thinking of going on without renter’s insurance, think about your assets like clothing, furniture, electronics, and so forth. In case of damage or loss from perils like theft, vandalism, and fire, you may have to start from scratch if you don’t have renter’s insurance. However, if you have renter’s insurance, it covers damages or loss to your belongings.

Provides liability protection

Because we don’t live in a perfect world, accidents do happen. And when they do, as a renter, you could be facing medical costs and property damage claims. Fortunately, if you have renter’s insurance, you don’t have to cover liabilities from your pocket for damages caused to third parties.

Loss of use coverage

Is your apartment unlivable because of fire or storm damage? You don’t have to worry if you have renter’s insurance. This coverage pays for additional living expenses like hotel food and accommodation when your rented home or apartment becomes unlivable due to a covered risk.

What affects the renter's insurance rate?

The cost of renters insurance varies from one renter to another because of the below factors:

• Location
• Number of coverages included in the policy
• Discounts available
• Deductible

Insurance companies use some of the above factors to assess risk and compute your renter's insurance rate.

Get Nevada renters insurance today!

Are you a resident of Las Vegas, NV, and in need of renters insurance? Please contact Red Rock Insurance for a reliable quote.