Best Renter's Insurance Companies in South Bend

FAQs

• Are you required to buy renter’s insurance in South Bend?

  While tenants in South Bend and the rest of Indiana are not mandated by law to purchase renters' insurance, landlords or rental agencies may require it, which they are legally allowed to do. Whether or not your landlord or rental agency requires you to obtain renters' insurance, it is always a good idea to consider getting a policy to protect your personal items from perils like fire and theft.

• Won’t your landlord’s insurance cover you as a tenant in South Bend?

  Unfortunately, it does not work that way. Your landlord’s insurance policy in South Bend does not cover your personal belongings in the event that they get stolen or damaged during the term of your lease. In most cases, landlord insurance is limited to the care of the building or structure of the rental property.

• Can your renters' insurance policy in South Bend cover the full value of your jewelry?

  Generally, renters' insurance policies issued in South Bend have specific limits, which highly valuable items, such as jewelry, fine art, and collectibles, usually exceed. That being said, if you wish to have your jewelry covered for its value, you may opt to purchase an endorsement for your policy for full protection.

• Will your renters' insurance policy take care of the medical costs of someone injured in your South Bend apartment?

  It depends. If your South Bend-issued renters' insurance policy carries some form of medical payment coverage for others, it can shoulder the medical costs of someone who sustained injuries while on the property you are renting. And if your policy has personal liability coverage, you are financially protected from legal fees if you are found to be responsible for another person’s injury.

• How much coverage should you get when buying renters' insurance in South Bend?

  There is no definitive answer to this question, as no two tenants have the exact same circumstances and belongings in South Bend. When drawing up your policy, your agent will take several things into consideration, including what you’d like to cover and what they are worth. There are standard minimums for coverage, and you can discuss with your agent whether you’d like to get more protection.