rental-insurance

Vocabulary Word

Definition

Rental insurance, also known as renters insurance, protects you and your possessions while you're renting a home or an apartment. It helps cover the cost if your belongings are damaged, stolen or if someone gets hurt on your property.

Examples in Different Contexts

In personal finance, obtaining rental insurance is a prudent step for renters to protect against potential losses. A financial advisor might explain, 'Rental insurance is a cost-effective way to ensure that you're not out of pocket if your rental home suffers damage or theft.'

Practice Scenarios

Insurance

Scenario:

Our company offers an excellent plan that covers belongings from damages, theft, and more.

Response:

That sounds comprehensive. Can you tell me more about this rental insurance plan?

Real Estate

Scenario:

Not that I want to scare you off, but did you see the news about the apartment fire downtown? A lot of tenants lost all their possessions.

Response:

That's indeed horrifying. I think I will purchase rental insurance for peace of mind.