Fort Lauderdale Renters Insurance

Your Complete Guide to Fort Lauderdale, FL Renters Insurance

Find the right renters insurance policy for you.

Are you a renter in Fort Lauderdale? If so, you may want to be sure that your personal property, such as your furniture, clothing, and cookware, are suitably covered by renters insurance. This inexpensive insurance has many benefits that may give you peace of mind the next time a severe storm rolls in or you hear about a spate of break-ins in your neighborhood. Independent insurance agents can help find the best renters insurance in Fort Lauderdale. These local agents can gather you a selection of customized renters insurance quotes so you can be sure you are getting your policy a great price. Find an insurance agent near you to learn more. 

How Much Does It Cost to Rent a Home in Fort Lauderdale?

The average market rent in Fort Lauderdale is $1,653. This is higher than the average rent in the state of Florida, which is $1,449. Many people find renting in this city worth it though because of the proximity to great beaches and the flexibility of being able to move quickly if better job opportunities become available.

Fort Lauderdale is made up of several different neighborhoods. The most expensive rentals can be found in Colee Hammock and Beverly Heights, while the most affordable rental homes are in the Dillard Park and Rock Island neighborhoods. Regardless of where you are living or how much you are paying to rent your home, you can cover your property with an affordable renters insurance policy. A local independent insurance agent can help you find a great policy at a competitive price.

What Is Renters Insurance?

If you are renting your home, renters insurance can provide you with coverage for your personal belongings as well as a significant amount of personal liability insurance. It is designed to pay for the cost of replacing your personal property if it is damaged by hazards such as severe weather, structure fires, or property crimes. Although renters insurance is not required by law, some landlords do make it necessary that you carry this insurance as one of the terms of your lease.

How Much Does Renters Insurance Cost in Fort Lauderdale, FL?

Even in Florida, where renters insurance costs are among the highest in the country, this coverage is surprisingly affordable. In Fort Lauderdale, the average cost for a policy that provides $20,000 worth of property coverage and $100,000 worth of liability coverage with a $500 deductible is $433 a year. That is just $36 a month for the peace of mind of knowing that your property is covered. Of course, your actual rate may be a little higher or lower than this average amount, depending on how much coverage you wish to buy and details about the home you are renting, but this figure can give you a ballpark estimate.

Property Coverage for Fort Lauderdale Renters

If a tornado, hurricane, or fire damages the building you live in, your landlord is only responsible for making structural repairs. If heavy winds break a window and rain then destroys your 55” TV and laptop computer, your landlord does not need to reimburse you for your losses. Fortunately, renters insurance is designed to provide this coverage. The contents coverage included in your policy also provides reimbursement for losses due to burglary or vandalism. You will just need to submit a copy of the police report as well as a detailed listing of your lost or damaged property to your insurance provider when you file a claim.

You can buy contents coverage in an amount that is sufficient to cover all your personal property from jewelry to housewares. Your local independent insurance agent can provide guidance when you are trying to determine how much coverage you need. Be aware that property damaged by floods is not covered by renters insurance. Fortunately, if you are at risk, your insurance agent can also help you buy a contents-only flood insurance policy.

Renters Insurance Provides Liability Coverage

Most people never need to use the personal liability insurance included in their renters insurance policies, but it’s good to know that it is there. It is designed to cover expenses such as court costs, lawyers’ fees, and damages if you are sued for a covered event such as:

  • A friend is visiting and is severely injured due to negligence on your part.
  • Your dog bites the mailman, who then needs stitches.
  • You post a negative review about a local store online and the owners of the store sue you for libel.

Keep in mind that some insurance companies will not provide coverage if you own a dangerous breed of dog, and some specifically exclude damage caused by pets. If you are a pet owner, be sure to let your insurance agent know so that they can find you a suitable policy.

Renters Insurance Can Cover Temporary Housing Expenses

What would you do if a hurricane or a fire left your rental home uninhabitable until repairs could be made? Did you know that your landlord is not obligated to cover your temporary living costs? Fortunately, renters insurance has you covered. Your renters insurance policy can cover the cost of a hotel as well as associated expenses such as the increased cost of meals since you will be unable to cook at home and mileage reimbursement if you are forced to live further away from your job. Your insurance agent can further explain the details of this coverage.

Why Work with an Independent Insurance Agent?

Renters insurance is an inexpensive way to stay protected against financial losses caused by disasters. Independent insurance agents are available to help you compare customized quotes so you can choose the renters insurance policy that has the best value. Your agent may even be able to get you discounts on your renters insurance if you bundle your coverage.

Contact an insurance agent in or near Fort Lauderdale to get started.

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