Does Renters Insurance Cover Structures Leased in Boise, ID?

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.

Why Is It Worth Having Renters Insurance

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.

Can Landlords Require Renters’ Insurance?

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. 

Unique Renters Insurance Facts To Consider

Fuhriman Insurance Agency serves the Boise, ID community. We strive to help our clients find policies that will protect their assets. We understand that each of our clients has a unique situation. That’s why we offer flexible policies. We look forward to helping you find the coverage you need. We are an independent agency.

Unique Renters Insurance Facts To Consider

More rental properties are developed across Boise, ID every year. Many residents recognize the benefits of staying in the city. If you plan to move into a rental property in the area, you need renters insurance. Renters insurance protects your personal belongings if they are damaged or stolen. Here is a look at some other unique renter’s insurance facts.

Your Landlord Is Only Responsible For The Structure

Your landlord is responsible for any damage to the interior of the unit. However, you will still need renters insurance to protect your personal items.

Liability Coverage

Liability coverage is important if you plan to have a lot of guests over to your rental property. You will be protected if one of your guests gets injured. You also have to plan for emergencies such as an accidental fire. Renters insurance covers you if you accidentally cause damage to someone else’s property.

Natural Disasters

Your renter’s insurance policy does not cover your unit if a natural disaster moves through the area. You can add custom coverage to your policy to protect you if a flood or earthquake occurs and damages your property.

Inventory

It’s a good idea to take inventory of your personal items. This can help you figure out the true value of your assets if they are stolen or damaged.

Fuhriman Insurance Agency Will Help You Stay Covered

Visit our website to learn more information about renters insurance.

Does your renter’s insurance move with you when you move?

Does the same renters’ insurance policy move with the insured when they move from one home to another? Within the same city? State? To another state?

Yes. When you move within the same town or state, you only need to update your address, typically. Your premiums may go up or down due to your new address. One of the criteria for premium setting relates to location. A bad neighborhood of high crime costs more in premiums because it increases the risk to the insurance company. Conversely, if you move to a nicer neighborhood in Boise, ID, your premiums could drop.
You need to contact Fuhriman Insurance Agency within 30 days of your move to update your address. Your coverage will lapse if you do not. Your policy covers your belongings at the address on the policy.

Yes. While you move from one address to the other. The standard renters’ insurance covers your items while in transit.

No. When you move from one state to another state, you no longer have coverage. Each state has separate criteria for insurance agents and agencies. You must obtain a new renters’ policy from an insurer within the state.

You may choose to use the same insurance company, but you will need a new agent local to the area.

If you just moved to Boise, ID or you recently moved from one home to the other and need to update your renter’s insurance, call us at Fuhriman Insurance Agency. We can help you obtain the insurance coverage you need to protect your belongings in your new abode.

Why should I get renters insurance in Idaho?

The Boise, ID area can be a great place to move to and live. If you are coming to this area, you should think about renting a home instead of buying. When you rent here, you will have more flexibility to move into a new home, which will give you more of a chance to explore the area. When you are going to rent a home here, you also need to get proper insurance. There are several reasons you should get a renters insurance policy here. 

Required By Landlord

One of the reasons to get renters insurance is that it is going to be a lease requirement. Landlords know that a renters insurance policy provides important coverage to a tenant, which indirectly benefits a landlord as well. Due to this, they will usually require that all tenants maintain insurance throughout the term of the lease. Most landlords will ask for evidence of insurance before the start of the lease term. 

Gives Valuable Protection

Another reason that you should get a renters insurance policy is that it can give you some very valuable protection. When you get a renters policy, it will give you coverage for all of your personal assets, which could be lost if you are a victim of theft or fire. Additionally, you are going to receive some liability coverage, which is helpful if there is an accident or other situation that results in property damage or injuries.

As you are looking for renters insurance in the Boise, ID area, it would be a good idea to call Fuhriman Insurance Agency. The team at the Fuhriman Insurance Agency can provide you with advice on how to get into a policy that will give you valuable coverage. This will also ensure you are in full lease compliance. 

Does renters insurance cover renter-made changes to the apartment?

When you build a bookcase inside your Boise, ID apartment or replace fixtures to update the place, you put your stamp on your domicile. Although you rent, if you have lived there long-term, it probably feels like home. You need to know which of your changes your renter’s insurance from Fuhriman Insurance Agency covers and which you need an add-on to cover.

Your renter’s insurance covers all of your personal property. If you could pick it up and take it with you, it gets covered. That applies to things you can unscrew, too. That means the light fixtures, drawer pulls, cabinet hardware, etc. that you purchased and installed without reimbursement from your landlord gets covered by your renter’s policy if damaged or destroyed.

If you built-in a desk or bookcase, that gets trickier. Sure, you bought the materials and built it, but you made it a permanent improvement to the apartment which you do not own. It became a permanent part of the structure which is not covered by a typical policy. You can make an add-on to your policy though to cover these unusual items, much as you would for high-end hobbyist equipment or business equipment.
A renter’s insurance policy covers your personal belongings, liability, and additional living expenses. It does not cover the structure. That falls under the landlord’s homeowner’s policy.

Some damage will not get covered by your renter’s insurance regardless. That is damage caused by a flood anywhere in the US plus damage caused by earthquakes in some states or hurricanes in others. For instance, in Texas, you must obtain a wind policy separate from renter’s or homeowner’s insurance to cover hurricane losses.

Understanding your renter’s insurance policy helps protect your personal belongings better. Contact Fuhriman Insurance Agency serving Boise, ID for more information on renter’s insurance.

Does Every Roommate Need Their Own Renters Insurance?

By default, a renter’s insurance policy only covers the policyholder’s possessions. A home insurance policy will cover possessions for everyone in the home and, in some instances, even the possessions of short-term visitors. But a renters policy in Boise, ID only applies to the person holding the policy.

That said, you can list roommates on your policy. If a pair of roommates want to go in on a renters policy together, that’s certainly an option. There will need to be a primary policyholder, but they can list their roommate, and divide the premiums between the two of them.

This arrangement might not always be logical, however. It doesn’t take much work to add someone to a policy or to have them removed from a policy, but remember that the nature of a roommate situation is, almost by definition, temporary. It’s not unusual to rent a room out to someone only to have them leave without notice halfway through the next month. Even longtime friends and family members may only need a place to stay for a few weeks, in which case it might be a little more hassle than it’s worth to get them covered on your renter’s policy when they might not even stay long enough to move all of their stuff in the first place.

If you have an ongoing arrangement with a roommate in Boise, ID, there’s no reason not to split the bill from Fuhriman Insurance Agency, but exercise some caution when agreeing to such an arrangement. If you’re still shopping around, give Fuhriman Insurance Agency a call and see what they can do for you in your new apartment.

Why You Need Renter’s Insurance

Many renters in Boise, ID like not being tied down to a particular place. They are not responsible for a mortgage, taxes, home repairs, and home maintenance costs because the homeowner pays for all of that. However, one expense that renters should never forget is renter’s insurance. Every renter should purchase renter’s insurance from Fuhriman Insurance Agency.

Homeowner’s Insurance Won’t Cover Everything

Suppose something goes wrong at your rental unit. Maybe there’s a fire or a bad storm. What happens if the home is a total loss? The landlord, with his insurance, can pay to repair the house or apartment. His insurance will repair damages and replace appliances that were destroyed. However, his insurance will not cover the loss of your possessions. Everything that you have in the home, your furniture, your jewelry, or your electronics, will not be replaced by the homeowner’s insurance. Only the structure itself is covered by the landlord’s insurance policy.

Burglary or Vandalism

If you have a break-in, the homeowner’s insurance policy will only cover the repairs needed to the home. So broken glass, splintered doors, or vandalized walls will be repaired. But, this insurance policy will not cover the loss of your possessions in the event of a burglary. All of the money that you have invested in your possessions could be lost if you do not have renter’s insurance. You will have to pay out of your own bank account to replace these objects.

Loss of Use Coverage

If the home is damaged to the point that you cannot live in it until repairs are made, what will you do for a place to live? Some renter’s insurance policies will provide "loss of use" coverage to provide you a place to stay until your rental unit is available, keeping you from having to scramble to find a place to live for several weeks. 

If you have questions about rental insurance in the Boise, ID area, contact Fuhriman Insurance Agency today.

Does Renter’s Insurance Cover Damage To Other Units If You Are Liable?

Renter’s insurance is a product designed to help protect people from losses outlined in the policy such as fire or theft. Most people who rent a space to live in or store their personal items know that renter’s insurance is highly recommended to protect from losses, but does that mean that it covers damage to other units? 

Renter’s Insurance Coverage

Renter’s insurance can cover policyholders in a variety of different ways. Typically, a renter’s insurance policy will also cover damage to units surrounding the one used by the policyholder. This is a great way to provide a layer of protection from potential disastrous losses. Always make sure that an agent carefully explains the terms and conditions to help discover how much protection a policy is able to offer. Considering a few different options may be wise because not all renter’s insurance works the same. 

Work With An Established Agency

When working with an insurance agency, you want to make sure that they are established and have customer services oriented agents who can work closely with clients to help them discover options that work best for them. Anyone who is renting in or around the Boise, ID area is encouraged to check out Fuhriman Insurance Agency and let their helpful agents provide sensible options designed to offer the maximum amount of protection. 

When considering renter’s insurance, it is important to know what options are available by having access to professional agents with experience. Resident in and around Boise, ID should call or stop by Fuhriman Insurance Agency to speak with an agent for more details.