Pennsylvania Renters Insurance

Renters Insurance in PennsylvaniaA world of protection, for less than a dollar a day

For the more than 44 million renters in America today, renters insurance has a tendency of getting overlooked. According to statistics, only two in five renters actually carry it.

That’s too bad because as many apartment dwellers and tenants can tell you, unpredictable stuff happens all the time. From a broken water pipe to a liability lawsuit, renters insurance can be the only thing protecting you against potentially devastating financial consequences.

Do I need renters insurance?

When you’re a renter, it’s easy to think all your property is covered under the building owner’s policy. But that’s likely not true. Your landlord’s policy probably only covers the physical apartment unit and building. It’s up to you to protect your personal belongings. The best way to do that is with renters insurance. And with POM, you can have peace of mind protection for less than a dollar a day.

Say, for example, your apartment is deemed unlivable due to a disaster such as a fire or major water damage and you need to stay at a hotel, renters insurance can cover your living expenses.

What does renters insurance cover?

A renters insurance policy from POM can cover your valuables in your rented house, condo or apartment. And that’s just the beginning. It also covers:

Your personal property anywhere in the world

If you’re on vacation and your laptop gets stolen, your renters insurance will cover the loss.

Legal liability for injury or property damage to others

If someone gets injured or their property is damaged and it’s your fault, your renters insurance may be able to help cover the damage—whether the event happens in your apartment or not.

Improvements to your rental property.

Sometimes, landlords can hold you financially responsible for improvements to your unit. Renters insurance may also be able to help with that.

Additional living expenses.

If your unit becomes temporarily unlivable due to a covered loss, renters insurance can help pay the costs for you to stay elsewhere.

Save your valuables. Save cash too.

With a POM insurance policy, you could be eligible for money-saving discounts for a wide range of things including:

Make your policy your own

POM offers a wide range of coverage enhancements that give you the power to pick and choose the protections you need, based on your unique situation. Available enhancements include:

Available enhancements include:

Valuable possessions

Your policy can cover items such as jewelry, silverware, fine art, money, electronics, credit cards and more.

Identity Theft protection

If your ID is stolen, this provides theft resolution service, credit protection and document recovery.

Home business

The protection you need for your home business can be under the same policy that insures your home.

Resident companion

This broadens your renters policy to include coverage for your significant other if they are permanently living with you.

Equipment breakdown

This endorsement provides coverage for property and home systems damaged by mechanical or electrical breakdowns.

Water Backup from Sewers / Drain and Sump Pump

When your property is damaged from sewage that is backed up through a sewer or septic system and/or damaged by sub-surface water that overflows from the sump pump well when the sump pump fails, you can be covered.

Extended Coverage for Personal Property

If it is not specifically excluded in the policy, then it is covered. It’s that simple.

POM, a member of the Franklin Mutual Insurance Group, offers insurance policies to renters and tenants in Pennsylvania.