GEICO says renters insurance is the right move

Business Wire

WASHINGTON--(BUSINESS WIRE)-- Moving into your own place is a major step toward independence as well as new responsibilities. If you're thinking about renting an apartment, a single-family home or townhouse, the GEICO Insurance Agency asks you to look at renters insurance.

Take a moment to think about what's at risk in the event of an unexpected loss such as a theft, vandalism or fire in your home. Personal property and personal belongings are almost always the responsibility of the tenant. Most landlord policies only cover the building structure, loss of rents and liability of the general area.

Renters insurance protects renters well beyond what’s covered in a basic landlord’s insurance policy and provides multiple coverage options for personal property, liability, loss of use, medical payments, and optional coverage for more valuable items such as furniture, televisions, clothing, jewelry and computers. It's always wise to have a basic understanding of what's covered in your policy as well as an estimate of the value of your items if they ever need to be replaced.

Renters insurance is one of the most affordable types of insurance policies. Your actual cost will depend on a number of factors, including how much coverage you need, the type of coverage options you choose, your deductible amount and where you reside.

For more information on renter’s insurance, please visit www.geico.com/information/aboutinsurance/renters/.

GEICO (Government Employees Insurance Company) is a member of the Berkshire Hathaway family of companies and is the second-largest private passenger auto insurance company in the United States. GEICO, which was founded in 1936, provides millions of auto insurance quotes to U.S. drivers annually. The company is pleased to serve more than 13 million private passenger customers, insuring more than 22 million vehicles (auto & cycle).

Using GEICO’s online service center, policyholders can purchase policies, make policy changes, report claims and print insurance ID cards. Policyholders can also connect to GEICO through the GEICO App, reach a representative over the phone or visit a GEICO local agent.

GEICO also provides insurance quotes on motorcycles, boats, all-terrain vehicles (ATVs), travel trailers and motorhomes (RVs). Coverage for life, homes and apartments is written by non-affiliated insurance companies and is secured through the GEICO Insurance Agency, Inc. Commercial auto insurance and personal umbrella protection are also available.

For more information, go to www.geico.com.