Helpful information for Oklahomans from wheat fields to city streets.
Ready to get your own place, but not ready to commit to buying property? Renting is a great alternative and can offer the experience of living in different neighborhoods in a city. However, it is important to insure the place you are renting. As a new renter, understand what Renters Insurance is and why it’s critical to obtain.
Renter’s Insurance is similar to Homeowners Insurance in that it protects personal belongings from unexpected damages or theft. Additionally, there are an array of coverage options to ensure that specific needs are covered.
Some landlords have property insurance that covers the building in case of the unexpected; however, this does not cover personal items. Renter’s Insurance can help provide peace of mind by providing coverage on personal belongings that are in your apartment, condo, duplex, etc. Some landlords may even require a renter to have Renter’s Insurance as a lease condition.
However, something to note is that if a college student is looking to live in a dorm or you have a child that will be, contact your insurance agent to see if your homeowners policy covers dorms or campus housing. If not, it could be critical to get a Renter’s Insurance policy for them.
See a few coverage options below:
Renting is a great option to explore and could be the solution you need to venture out and enjoy life on your own. As you explore Renter’s Insurance and coverage needs or are already aware and have questions, don’t hesitate to reach out to a local OKFB agent.
The information on this website is not a contract, as it is provided for general information to explain potential types of insurance coverages. Further, descriptions do not refer to any specific contract of insurance and they do not modify any definitions, exclusions or any other provision expressly stated in any contracts of insurance. Please read actual policy documents for important details on coverages, exclusions, limits, conditions, and terms. If there is any conflict between the summary and/or information on this website versus the policy documents, the policy documents shall control. Please contact an Oklahoma Farm Bureau Mutual Insurance Company (OFBMIC) Agent to learn more about insurance coverages offered by and through OFBMIC.
Life insurance and annuity products are offered through Farm Bureau Life Insurance Company/West Des Moines, IA and are intended for residents of AZ, IA, ID, KS, MN, MT, ND, NE, NM, OK, SD, UT, WI and WY.