Best Renter's Insurance Companies in Hillsboro

FAQs

• Does renters' insurance in Hillsboro cover roof leaks?

  In Hillsboro, renters' insurance policies cover damage to insured personal belongings caused by a roof leak on the rental property. It is critical to note that if the policy includes a deductible, the deductible amount should be less than the cost of replacing the damaged property. On the other hand, the landlord's insurance policy covers roof leak repair costs, not renters' insurance.

• What is the difference between a landlord's and renters' insurance in Hillsboro?

  In Hillsboro, landlords' insurance typically covers maintenance expenses and loss of rental income, excluding personal property and liability coverage for tenants. Renters' insurance, on the other hand, safeguards tenants by reimbursing losses in the event of damage or loss to personal property, as outlined in the policy terms.

• When does additional living expense coverage take effect in Hillsboro?

  The additional living expense coverage of your Hillsboro renters' insurance policy kicks in if the rental property is destroyed or rendered uninhabitable. This type of coverage reimburses you for the cost of temporary rentals and other expenses incurred while waiting for the rental property to be restored to habitable conditions.

• What types of discounts can Hillsboro tenants avail on their renters' insurance policy?

  Hillsboro tenants have access to several renters' insurance discounts, including:

  • Residence protection device discount: Qualify by having required smoke alarms, with the option for a higher discount if a fire extinguisher is purchased.
  • Sprinkler protection discount.
  • Multi-policy discount: Combine renters' insurance with another policy, like auto insurance, to avail of this discount.

• In Hillsboro, what does deductibles mean when it comes to renters' insurance?

  A Hillsboro renters' insurance policy's deductible is a predetermined amount that the policyholder agrees to pay before the insurance coverage kicks in for reimbursement. For example, with a $1,000 deductible, filing a $3,000 claim for damaged property would result in a $2,000 payout. Lower insurance premiums result from a higher deductible.