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

The insurance industry offers rental insurance policies that can include liability coverage, adding another layer of protection for renters. An insurance broker might state, 'Including liability coverage in your rental insurance can protect you against claims if someone is injured on your property.'

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.