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You’re about to move into a condo building in Tulsa, OK, and the building management has told you that you must get insurance before taking possession of the unit. You don’t own the condo but are merely renting it. What type of policy should you get? Ask the agents at Greater Tulsa Insurance Inc. for advice on buying the right policy.

Condo or Renter’s Insurance?

In the simplest terms, if you rent the space where you live, renter’s insurance is what you should buy. The two types of insurance are similar, but condo insurance covers the dwelling structure, whereas renter’s insurance does not. If something happens to the dwelling structure, the condo building’s master policy covers damage, as well as a separate policy the condo owner has. Nevertheless, if you rent a condo, you are still liable for any mishaps that occur inside the unit.

Why You Still Need Renter’s Insurance

Even though the condo owner will have an insurance policy that covers the unit where you live, it may not provide coverage for your personal belongings. Renter’s insurance will compensate for your belongings if a fire, theft, or other covered incident occurs.  You may also buy a policy that pays for temporary lodgings if your unit becomes uninhabitable.  If an accident happens inside your condo and someone is injured, you may also be liable for the injuries. Renter’s insurance will protect you in such instances.

Buying renter’s insurance is easier than it sounds. The amount of insurance you need is primarily based on the worth of your personal belongings, such as clothes, furniture, electronics, etc. If you are wondering how much you need, contact Greater Tulsa Insurance Inc., serving the greater Tulsa, OK community, to get started on a renter’s insurance policy that covers your needs.

If you’re looking for renters insurance, or if you already have a policy and you’re considering updating or changing it, working with Greater Tulsa Insurance Inc. can help. We serve the Tulsa, OK area to provide residents with the policies and coverage options they need. Renters’ insurance can give you protection, but it can also help with your peace of mind.

Understanding what a renters policy covers and what it doesn’t is the place to start. You should be comfortable with the coverage you’re choosing, and that’s much easier when you have all the information you need to make a knowledgeable decision.

Working with an agent can help you choose wisely.

Renters insurance is designed to help you protect:

1. Your clothes and accessories: renters policies cover your personal belongings
2. Your furniture: standard furniture coverage is part of the policy
3. Any valuable personal items: you can get coverage for heirlooms, pianos, and other special property
4. Your ability to rent: many landlords require you to have renters insurance
5. Your peace of mind: knowing your property is protected is very valuable

Even if your landlord doesn’t require you to get renters insurance, it’s a good idea to make sure you have it. Your property deserves protection, and the landlord’s coverage on the structure won’t cover anything you have as a renter of the property. Unfortunately, renters can lose everything they own to fires or other serious issues if they incorrectly assume that the coverage on the property includes what they brought with them.

We Are Here To Help

Reach out to Greater Tulsa Insurance Inc. today if you’re in the Tulsa, OK area and in need of renters insurance. Our agents know the value of protecting what’s yours and want to make sure you have the right coverage. We can review your current policy to make changes or help you get a new policy that meets your needs.