Renters Insurance 

 

While you do not own the residence you live in, you should protect your property in the event of a fire, theft or other loss. Regardless of renting an apartment, home, condo unit or dorm room you need renters insurance. In addition to protecting your property coverage is provided for claims from a third party for injuries you cause or property have damaged.

A typical Renters policy provides a separate dollar limit of coverage for the Contents or Personal Property, Loss of Use of the Unit, Liability Coverage and Medical Payments Coverage. Some policies combine limits together.

Coverage C - Personal Property: Covers your personal belongings and those of your family; subject to certain limitations and conditions.

Coverage D - Loss of Use: Provides coverage that may be used for additional expenses incurred as a result of being unable to occupy the dwelling while it is being repaired or rebuilt due to damage from a covered loss.

Coverage E - Liability: Pays defense and settlement costs for claims made against you for bodily injury or property damage to others.

Coverage F - Medical Payments: Sometimes called “good will insurance” because it pays for medical expenses incurred by others who suffer an injury while on covered premises but the injury occurred through no fault of an insured.

 

Optional Coverage Available:

• Replacement Cost coverage for the Contents;

• Water Back-up of Sewers or Drains;

• Scheduled Personal Property such as jewelry, fine arts, musical instruments, electronics;

• Earthquake;

• In-home business;and many other coverages.

 

It’s very important to take the time to discuss your particular needs with one of our Personal Insurance Agents so that your policy can be designed to provide you with the coverage you need.

 

Condominium Insurance

 

Your Condominium Association provides a Master Policy covering the building and all common areas, owned by all unit owners. Do not rely on the Master Policy to protect your personal property, changes you make inside your unit or your personal liability.

As a Unit-Owner you need a policy designed to fill the gaps and protect your investment. Pinnacle Risk Managers can help you understand your Association By-laws and your policy.

A typical Condo Unit-Owners policy provides a separate dollar limit of coverage for the Condo Unit Building Items, Personal Property, Loss of Use of the Unit, Loss Assessment, Liability Coverage and Medical Payments Coverage.

Coverage A – Condo Unit: Covers damage to the alterations, appliances, fixtures and improvements which are part of the building contained within the "residence premises" and are the responsibility of the Unit Owner; subject to certain limitations, exclusions and conditions.

Coverage C - Personal Property: Covers your personal belongings and those of your resident family members subject to certain limitations, exclusions and conditions.

Coverage D - Loss of Use: Provides coverage that may be used for additional expenses incurred as a result of being unable to occupy the dwelling while it is being repaired or rebuilt due to damage from a covered loss.

Coverage E - Liability: Pays defense and settlement costs for claims made against you for bodily injury or property damage to others.

Coverage F - Medical Payments: Sometimes called “good will insurance” because it pays for medical expenses incurred by others who suffer an injury while on covered premises but the injury occurred through no fault of an insured.

 

Optional Coverage Available:

 

• Replacement Cost coverage for the Dwelling and the Contents;

• Extended Replacement Cost

• Loss Assessment

• Water Back-up of Sewers or Drains

• Scheduled Personal Property such as jewelry, fine arts, musical instruments, electronics;

• Earthquake;

• In-home business

• and many other coverages.