Renters Insurance in Lexington, KY

A look at some of the top local renters insurance companies, the coverages you need, and more in Lexington, KY.

New modern apartment building with balconies. Find Lexington, Kentucky renters insurance.

As the second-largest city in Kentucky, Lexington's average rent costs about $920 monthly. Within the population of more than 325,000, many folks rent their homes and need adequate coverage to help keep them protected. That means having the right renters insurance.

An independent insurance agent in Lexington can help you get enough renters insurance. They'll ensure that you get set up with the policy that best meets your needs. But first, here's a closer examination of renters insurance in Lexington, KY.

What Is Renters Insurance?

Renters insurance is a bit different from homeowners insurance or condo insurance because the needs of renters are different from those of people who own their homes outright. Landlords are responsible for covering the building's structure and other elements of a rented property, since it technically belongs to them. However, renters in the building still need protection for their items.

Renters insurance is designed to protect your personal belongings and the parts of your rental unit or home that you're responsible for. Common threats renters insurance protects against include fire and theft. A local independent insurance agent in Lexington, KY can help you find a policy.

What Does Renters Insurance Cover in Lexington, KY?

Renters insurance in Lexington, KY operates the same way it does anywhere else. It provides critical coverage for your personal belongings and more.

Common questions about renters insurance:

  • Does renters insurance cover fire?
    • Renters insurance does cover fire damage to your personal belongings.
  • Does renters insurance cover car theft? 
    • No, renters insurance doesn't cover theft of your vehicle. You'd need a car insurance policy for that. But renters insurance does cover theft of your personal belongings.
  • Does renters insurance cover water damage?
    • Renters insurance does cover certain types of water damage, but not those caused by natural flooding. You'd need a flood insurance policy for that.

Renters insurance also provides liability coverage in case you get sued for claims of bodily injury or property damage by a third party. And it also covers additional living expenses in case you need to stay at a hotel or somewhere else or have other unexpected costs while your home is being repaired.

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What Doesn't Renters Insurance Cover in Lexington, KY?

Renters insurance comes with its own set of exclusions, just like any other policy. Some of them include:

  • Earthquake damage: Like homeowners insurance, renters insurance doesn't cover damage to your belongings caused by earthquakes. You'd need earthquake insurance for that.
  • Bed bugs and other pests: Renters insurance doesn't cover bed bugs and other infestations and related damage, either. 
  • Other inhabitants: Unless a roommate or other inhabitant of the rental unit is specifically listed on the policy, renters insurance won't cover their damage or liability. 

It's critical to inspect your unit and property for bed bugs before you move in, to ensure that you won't be charged with cleanup and other associated costs, since they're not covered by most renters insurance policies.

Is Renters Insurance Required in Lexington, KY?

There aren't any city or state laws in Lexington, KY that require you to have renters insurance. However, many landlords do require all prospective tenants to show proof of insurance before they're allowed to move in. This protects both the tenant and the landlord. 

While you're not required to have renters insurance by law, it's still a good idea to consider having coverage. Unexpected disasters like fire and theft happen often, and without the right coverage, you'd be stuck paying out of pocket for lost or damaged belongings, as well as for personal liability. Your independent insurance agent in Lexington can further explain why you should consider getting a policy.

How to Get Renters Insurance in Lexington, KY

You can find renters insurance from many different carriers in Lexington, KY. But your local independent insurance agent can also help you browse multiple options. Until then, here's a list of just a few of our top picks for renters insurance in your area.

Top Renters Insurance Companies in Lexington, KY Star Rating
Travelers
5 star rating
Progressive
5 star rating
Central Insurance
5 star rating
Encova
5 star rating
Foremost
5 star rating

Why Shop for Renters Insurance with a Local Agent in Lexington, KY?

There's no such thing as a one-size-fits-all renters insurance policy. With a wide variety of products and options at your disposal, you can put together a solid renters insurance policy that's custom-built for your needs.

Independent insurance agents can help you choose the right policies and options to meet your specific coverage needs. Because they're independent, these agents can work with several of the best renters insurance companies in Kentucky to find you the right coverage at a great price.

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TrustedChoice.com Article | Reviewed by Paul Martin

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