Did You Know The Most Destructive Tornado in History Happened in Joplin, MO?
In just hours, the tornado tore through the entire town leaving a trail of devastation. Homeowners were impacted by this terrible tornado, but so were renters. In real dollars, it’s considered the most destructive tornado in history with total losses approaching two point eight billion dollars. That is, until the next one comes along. Sooner or later, it’s going to happen again. What would you do? The obvious answers could save your life, but standard tornado procedure does nothing at all for your possessions or your home – this is why Missouri renters insurance is absolutely critical. Back in 1931, a tornado lifted an 83 ton train off its tracks and blew it around like a child’s toy.
Official Missouri Renters Insurance Guide
Did you know that Missouri renters insurance generally covers theft of your property wherever it (and/or you) are? There are lots more to know about renters insurance in Missouri, so come along for the journey with the MO renters insurance experts!
Many Renters Live In Structures That Are Not Tornado-Safe!
Well, that’s a bit of a misnomer. No structure, save for perhaps a bank vault, is truly safe against tornadoes. There are levels of safety and protection of possessions, however. A tenant in a mobile home runs far stronger odds of losing the home and everything in it in the event of a tornado than someone in a brick house. No matter why or where you rent, one thing is for sure. Every tenant needs renters insurance!
Why Does Every Renter In Missouri Need Renters Insurance?
The law doesn’t require you to carry renters insurance, per se. What the law does require is that you be able to meet your financial obligations to someone else who has suffered bodily injury or property damage as a result of your negligence. That could include an accidental fire in your apartment, resulting in smoke inhalation medical expenses from the person next door as well as the costs to rebuild the apartment. That could be you out in the store, you spill a carton of milk, and some kid slips in it before you can call attention to it. Liability is a broad concept, and there are many ways to incur liability, but there is only one way to protect against it. Renters insurance can protect you from that risk.
In Missouri, Can My Landlord Require Renters Insurance?
We’re frequently asked by customers, “Can my landlord require me to have Missouri renters insurance?” The answer, of course, is an unequivocal yes if it is stipulated in the lease. Let’s discuss the lease.
- You read your lease and are aware of the provisions in it.
- You signed your lease, thereby agreeing to it and the provisions of it.
- You are obligated to hold up your end of that binding contract.
- If you fail to do that, the landlord may pursue several types of action against you.
You wouldn’t rather be sued for accidental damages than have Missouri renters insurance, would you? You wouldn’t rather start your life over than have Missouri renters insurance, would you? Whether or not a landlord may legally require renters insurance in Missouri is irrelevant. What’s relevant is that no one should be without renters insurance in Missouri. The coverage is cheap, and it protects you from being sued by your landlord or most other parties.
What Does Liability Cover?
Renters insurance liability pays for damages or bodily injury that you cause to other people. It’s that straightforward. Situations where it could kick in may not be immediately obvious, however. If you have an apartment fire and your neighbor has smoke damage to his personal property, you are responsible for those things because you caused the fire. The neighbor’s medical bills are not ultimately the responsibility of his health insurance. The insurance company will seek to be made whole after that claim is settled, and it’s your wallet they’ll be looking at.
In another example, your Missouri renters insurance is protecting your home while you’re away on a trip. While you’re on that trip in an unfamiliar city, you bump into a child on the sidewalk and send her to the pavement. Clearly, you are responsible for the injuries to that child, and the parents may well sue you for that. Missouri renters insurance can cover you for that bodily injury liability as well.
What Does Personal Property Cover?
Renters insurance also provides coverage for your personal property. If something is stolen or if your neighbor has a fire and doesn’t have insurance or enough insurance, your policy can cover that loss. Missouri renters insurance covers things like fire, theft, and vandalism. In the event of a loss, you get the cost to replace those items, minus your deductible. This means that you don’t have to start life over from nothing. You can put yourself back in the condition you were in before the loss. That’s the entire idea behind Missouri renters insurance. We want to return you to the financial condition you were in before the loss occurred.
Where Can I Buy Missouri Renters Insurance?
Effective Coverage works to identify and serve the needs of renters. By focusing on renters as a target audience, Effective Coverage is able to create policies that meet your needs at the lowest possible premium. Contact Effective Coverage today at (800)892-4308 or click above for your free, instant quote!