Renters Insurance in Miami, FL
A landlord’s insurance policy may cover the property itself, but it generally does not cover a tenant’s belongings or personal liability. Silver Palm Insurance can help Florida renters find coverage that fits their budgets and goals. 
What Is Covered by Renters Insurance?
A standard renters insurance policy may include the following coverage options:
- Personal property coverage may help replace stolen belongings or those damaged in a covered event.
- Liability coverage may cover costs if you or another insured accidentally injures someone or damages their property, whether inside or outside your rental.
- Additional living expenses coverage may help pay for temporary housing and related costs if a covered loss requires you to temporarily vacate your rental.
What Does This Policy Exclude?
Depending on the policy, the following may not be covered:
- Flood damage: A separate flood insurance policy is generally needed for losses caused by external water.
- Earthquake damage: Earthquake damage is typically not included under a standard renters policy.
- High-value items: Jewelry, artwork or collectibles may require additional scheduled property coverage.
- Business-related losses: Items or equipment used for work purposes may be excluded or only partially covered, and liability claims arising from business activities are also likely excluded.
- Wear and tear: Gradual damage from regular use or neglected maintenance is typically not covered.
How Is My Renters Insurance Premium Calculated?
Insurers may consider the following when calculating your premium:
- The type of property you rent, such as a house or apartment
- Policy details, such as deductibles and endorsements
- Your claims history
- The overall value of your personal belongings
- The level of liability coverage you select
- Area-specific risks, such as high crime rates or frequent severe weather
Get Started Today
Contact Silver Palm Insurance to discuss your coverage options and get a free custom quote.