Signing your first rental agreement with a landlord is a monumental moment in a young adult’s life. Although state and local government agencies do not require an individual to have renters insurance, having such coverage is in their best interest. Regrettably, too many renters are unclear about how this insurance policy works. Fuhriman Insurance Agency in Boise, ID, can assist you in creating a fool-proof renters insurance policy to protect your personal property.

Shielding Yourself From Liability Claims

Renters insurance covers all the legal expenses if you are involved in a liability lawsuit, typically filed by a guest who was injured or had their property damaged inside your home. Most renters have not accumulated enough personal wealth to pay for the injured party’s medical bills, lost wages, and repair or replacement costs. The coverage provided will cover all of these expenses.

Protect Your Possessions

For most residential buildings, insurance policies only provide coverage for the structure and do not cover a tenant’s possessions. Renters insurance protects your items from theft, vandalism, fire, and water damage. However, you will need to inventory your possessions with a dollar value for each item, either through photographs or a short video. Completing the inventory process guarantees swift financial assistance to repair or replace all lost, damaged, or stolen items.

Additional Living Expenses Coverage

Standard renters insurance policies include a clause for additional living expenses (ALE) coverage. If your rental property becomes uninhabitable following a natural disaster such as flooding, fire, or a severe windstorm, this could necessitate relocation. The ALE coverage helps pay for unexpected costs like an extended hotel stay while your residence is being rebuilt. Other ALE coverage includes temporary home unit rental agreements, moving expenses, and pet boarding costs.

For new renters, understanding additional insurance coverage can be confusing. At Fuhriman Insurance Agency in Boise, ID, our staff can assist you in creating a fool-proof renters insurance policy that safeguards you from financial catastrophe. Call and schedule an appointment today.

Renters insurance protects a tenant’s possessions while they are actively renting a residence. After reviewing how renters insurance works, contact one of our agents at Fuhriman Insurance Agency. One of our agents from Boise, ID will prepare your insurance documents.

Coverage Basics

Your rental home could become burglarized or vandalized during your tenancy. It could also be subject to damage from a storm. Renters insurance provides adequate protection from monetary loss. It covers the cost of repairing or replacing damaged items. It is a tenant’s responsibility to acquire rental insurance when they move into a new rental.

Inspection

An inspection of the rental property should be conducted first. This inspection should be done before a rental agreement is signed. An inspection will allow you to determine a rental’s level of security. It will also indicate the current condition of the dwelling.

Assets and Personal Possessions

A list of your assets and personal possessions should be prepared. The list should indicate each item of value that you will be moving into your rental. Information about the value of each item should be documented. If you own artwork, jewelry, and other valuables, you should have these items appraised. This information should be submitted to your insurance agent.

Changes

If you sell any of your items, you should take note of each sale. Selling items may require modifying your existing insurance policy. If you invest in new items, you will need to make a note of the purchases that you have made.

Contact Fuhriman Insurance Agency

Now that you know the insurance you need while renting a property, schedule a meeting with an agent at Fuhriman Insurance Agency. An agent who serves Boise, ID, will advise you on the insurance coverage you need.

Less than half of all renters carry renters insurance. It is unclear whether they think that their landlord covers them or they don’t understand what is at stake if you don’t have it. In Boise, ID, at the Fuhriman Insurance Agency, we are an independent insurance agency, and we can show you how important protecting yourself with renters insurance is. 

Personal property

Much of what you own as a renter is probably located within your rental. Imagine a fire or tornado destroyed your rental property and all of your possessions. Would you be able to replace everything easily? What about if your rental was burglarized and your valuables stolen? How would you cope? If you have renters insurance, you will be able to replace the things that you lost. It is stressful enough to have to go through a loss, but wondering how you are going to pay for it is a stress you can avoid. Your possessions are covered away from home as well. 

Liability

If someone is visiting your rental and gets injured, they may have medical expenses and could sue you for damages. Renters insurance protects against legal action and the costs that may accompany it. 

Loss of use

If your rental is damaged so badly that it is not habitable, where would you go, and how would you pay for it? If you have rental insurance, it should have loss of use coverage so that you can get temporary lodging and some meals paid for if you cannot cook. It helps make a stressful situation less stressful.  

If you call Boise, ID home, you can count on the Fuhriman Insurance Agency to provide for all your renter’s insurance needs. Call our office today to get a no-obligation quote. 

Renters’ insurance is essential for anyone who rents their home. It’s important to have renters’ insurance from the first day you rent your home. If you are moving soon or want to change to a different company, call us at Fuhriman Insurance Agency in Boise, ID. We’d happily develop the right policy for you and your needs. 

Protection for Your Belongings

When you’re a renter, virtually everything you have is inside your rented home. It’s important to protect those belongings so that you can mitigate your risks. When you have renters’ insurance, it will protect your belongings so that they can be replaced if something happens to them. The covered events are in the policy. These may include things like accidents and specific types of disasters. When you have this coverage, the policy can pay you to replace your things after a destructive event. This is important for ensuring you can return to your regular life. It would be so expensive to replace everything on your own that many people wouldn’t be able to do it. With a policy in place, you never have to worry about this. 

Liability Protection

Since you’re renting your place, you’re responsible for everything that happens there. You’re liable for their bills when someone falls or has an accident. An injury can be costly. It can require you to pay for medical bills, but there may be a lot of other costs. These can include ongoing therapy and lost wages. With renters’ insurance, the policy can pay all those bills. This can save you from financial ruin after an accident happens in your home. 

Get Renters’ Insurance

When you rent, call us at Fuhriman Insurance Agency in Boise, ID to get started with renters’ insurance.

When renting an apartment or home in Boise, ID, renter’s insurance is one of the most important considerations. So what exactly is renter’s insurance, and do you need it in Boise? Let’s find out.

What Is Renters Insurance?

Renter’s insurance provides financial protection for tenants renting a home or apartment. It covers losses to personal belongings because of theft, fire, smoke damage, water damage, vandalism, and other disasters. It also provides liability coverage if someone is injured while on your property. Besides this basic coverage, many policies include additional coverage, such as medical payments for injured guests on your property.

Is Renters Insurance Required?

No-renters insurance is not required by law in Idaho; however, most landlords will require their tenants to have a rental policy before they allow them to move into their rental unit. Even if it isn’t required by law or your landlord, having renter’s insurance can be a good idea because it provides financial protection from any damage that may occur during your tenancy. Your Fuhriman Insurance Agency representative can help you find the right coverage for your needs and budget.

The Benefits of Renters Insurance

Renter’s insurance can provide various benefits for tenants in Idaho, from financial protection to peace of mind. The most crucial benefit is financial protection. If your belongings are damaged or stolen, renter’s insurance can help you replace them without paying out of pocket.

To learn more about renter’s insurance policies and how they might benefit you as a tenant in Idaho, contact Fuhriman Insurance Agency today! We would love the opportunity to answer questions you may have about renters’ insurance policies and help you choose the best option for your needs!

Have you leased a home or a structure in Idaho? If you are renting a home in Boise, ID, your space and belongings will need formidable coverage to safeguard them in case of an impending peril like fire and theft. Unfortunately, many Boise, ID residents with leased structures think their landlord’s homeowner’s insurance will also cater to their personal properties in case a calamity strikes. The truth is that the landlord is only responsible for the leased structures, not the belongings stored in them. Buying a formidable renter’s insurance from Fuhriman Insurance Agency is smart. It will cover your belongings, like furniture, clothing, and appliances, against imminent perils. Reach out to our agents today and buy renters insurance that meets your needs and budget.

At Fuhriman Insurance Agency, we offer the following types of renters insurance for leased structures:

Personal property: What will you do if your leased home is ravaged by perils such as hailstorms, theft, or getting vandalized while traveling? This type of coverage pays for the repair or replacement cost of your belongings like clothing, electronics, and furniture up to the limits in your policy.

Liability coverage: This safeguards a policyholder or their family members against lawsuits by third parties arising from physical injury or prevailing property damage. It also cushions you from damage caused by your pets.

Additional living expenses: If your leased condominium is damaged by a given peril stated in your policy and you are forced to relocate elsewhere temporarily, renters’ insurance pays for additional expenses such as hotel bills, restaurant meals, and other prevailing costs. It pays for expenses when your leased property becomes uninhabitable, and you incur additional costs as it is repaired or reconstructed.

Medical payments coverage: This type of coverage will cushion you from any accruing medical bills if a visitor staying on your leased structure or home gets injured, regardless of who is responsible.

Are you a Boise, ID resident searching for reliable renters’ insurance to safeguard yourself and your leased space? Please call or visit us at Fuhriman Insurance Agency today for a competitive quote. We fully understand renters’ insurance needs differ.

There are many reasons why renters insurance is a good idea, even if you don’t think you have much to lose. Most people underestimate the value of their possessions and the protection that renters’ insurance can provide. Here are four reasons why every renter should consider getting coverage.

Your Possessions Are Valuable

Even if you don’t think you have much, your possessions are likely worth more than you think. Everything has a price tag from your clothes and furniture to your electronics and appliances. And if something were to happen to them, like a fire or burglary, you would have to replace them out of your own pocket. With renters insurance, you can rest assured that your possessions are protected.

Your Liability Is Covered

If someone gets hurt while in your home, you could be held liable whether or not you are at fault. This includes medical expenses and legal fees if a lawsuit is filed. With renters insurance, your liability is covered up to a certain amount, which can help protect you financially.

Your Landlord’s Insurance Doesn’t Cover You.

Most landlords have insurance to protect the building, but this does not cover your personal belongings or liability. It would help if you had your own renter’s insurance to be fully protected.

It’s Affordable

Renters’ insurance is surprisingly affordable, especially when you consider the peace of mind it can provide. It’s a small price to pay to protect your possessions and financial security.

Get Renters Insurance in Boise, ID 

There are many reasons why renters insurance is a good idea. No matter how safe you feel or how little you think you have to lose, it’s always good to be prepared for the worst. Contact Fuhriman Insurance Agency today for more information on renters insurance and to get a quote.

You’ve been searching for the perfect place to rent for weeks, and you’ve finally found the one that fits your life and personal preferences. It’s time to sign the lease and the landlord says you must provide proof of renters’ insurance. You may be asking, is this legal?

The bottom line is yes. Your landlord can require renters to obtain an insurance policy. While Idaho state law doesn’t require tenants to carry a renter’s policy, there are several reasons it’s a good idea. Fuhriman Insurance Agency serving Boise, ID can help.

Understanding Your Landlord’s Liability

Even landlords aren’t required to carry insurance on the properties they rent out. However, if there is a mortgage on the property, most loan companies require owners to obtain a certain amount of insurance. Landlord or homeowner’s insurance generally includes property and liability protection, which protects the individual from financial loss.

Benefits of Renters’ Insurance

Since a landlord’s insurance only covers their property and not yours, it’s important to obtain coverage that protects you as well. Just like a landlord’s, renters’ insurance can include property and liability insurance.

How Much Do I Need?

To determine the amount of coverage you want or need, think about the value of your belongings and take inventory of your possessions. The type of coverage, coverage amounts, and deductibles can all affect the amount of your premium.

What Happens If You Refuse to Obtain Coverage?

If your landlord requires renters’ insurance, there may be a clause in the lease that says something like “Lessee is required to provide proof of renters’ insurance within 10 days of the start date of the lease.” Failure to provide proof would result in termination of the lease and the landlord could start eviction proceedings. 

For more information on renters’ insurance, contact Fuhriman Insurance Agency serving Boise, ID.