top of page
strip of apartment buildings

Renter's Insurance

Renter's Insurance Retcho Insurance Agency Closter New Jersey

nj renters insurance policy

If you are in the Closter, NJ area and want to move into a new apartment, renting can be a good option. As you are looking to rent a home in this part of New Jersey, you will find that having a renter's insurance plan is a good idea. There are various reasons why the typical renter in this part of New Jersey will want to have a renter's insurance policy before they move into their next home. 

Renters insurance doesn't just apply to apartments. You should consider renter's insurance in New Jersey if you rent a:

  • Loft

  • House

  • Condo, Apartment, Townhouse


Landlord's Insurance Requirement

A common reason people will need to have renter's insurance is that it will be required by the Landlord. It is widespread for a lease to have provisions in it that require tenants to obtain a certain type and level of renter's insurance before moving into their new home. Ultimately, this will protect both you and the property owner. Without this coverage, you could face penalization and may even invalidate the lease and require you to move out.

Obtain Valuable Protection

If you do not have a renter's insurance requirement, you should still consider getting a renter's insurance policy before moving into the new home. A renter's insurance plan offers various forms of valuable protection. To start, you will receive coverage for any of your personal assets. Also, you can receive protection against liability risks. Here are some examples of renter's insurance coverage: 

  • Your apartment building has a fire and your personal items are damaged or damage to your apartment leaves you with no place to live.

laptop and personal belongings
  • Someone breaks into your apartment and steals your laptop, cell phone, or flat screen TV.

  • A friend visiting slips and falls in your apartment and decides to sue you for his injuries.

The cost to replace your clothes, laptop, and furniture out of pocket may be substantial.  Overall, this type of coverage will provide you with valuable support during otherwise difficult times.  Just like home insurance and condo insurance, renter's insurance has limitations on specialty items.

two rings on top of a necklace

Scheduled Personal Property Insurance

While personal property coverage is an important part of renter's insurance, it's important to read your policy carefully to understand what this coverage may help protect or lack. You may discover that adding scheduled personal property coverage to your renter's insurance policy can help provide greater protection for some of your most valuable possessions.

Scheduled personal property insurance is a supplemental insurance policy that goes beyond the standard coverage provided by a renter's insurance policy. You can ensure full coverage of valuable items, such as jewelry, in the event of a claim by purchasing a scheduled personal property policy.

Additional Living Expense

If you are forced to leave your residence due to a covered event, renter's insurance will help cover costs such as alternate lodging and other living expenses.  For example, if a fire severely damages your property you rent, your insurance will help pay for your hotel stay and meals.

As you are looking to move into a new rental home in the Closter, NJ area, you will want to ensure that you are adequately protected and insured, and an excellent form of coverage to have is renter's insurance. When you are ready to start looking for this coverage in New Jersey, calling the team with Retcho Insurance Agency is a great option. The real estate professionals with the Retcho Agency will offer the support needed to build an insurance plan and keep you fully covered and in compliance with your requirements. Don't forget, you save more when you bundle your auto insurance.

bottom of page