Monthly Rent Payments Don’t Insure Personal Belongings

GEICO understands that renting a first apartment or home is an important milestone. With all of the excitement surrounding the big move, it’s easy for first-time renters to overlook safeguarding their personal belongings. Renters need to understand that their possessions are not insured under a landlord or commercial policy, but GEICO is here to make sure they are protected.

“For as little as $12 per month, renters can protect their valuable items and other personal property in the event of theft, fire or even wind damage from a hurricane,” said John Zinno, GEICO assistant vice president.

A landlord or commercial policy only covers the physical dwelling of the building. It’s the renter’s responsibility to protect their belongings such as electronics, furniture and clothes.
A renter’s policy also includes liability protection to cover damages for unintentional bodily injury or property damage to another person. “For example, you have some friends over and one of your guests has a fall,” explained Zinno. “Medical payments, if necessary, would be covered up to the policy limits.” A renter’s insurance policy through GEICO may even pay for the renter’s legal defense in these circumstances.