You need renters' insurance if you rent an apartment, house, condo, or manufactured home. Up until recently, landlords did not require it. Things are changing. Not only is it a condition of landlords in Oregon to force you to buy renters' insurance as part of the contract, but it also makes common sense. It’s difficult for landlords to enforce the rule, but it’s getting easier as they adapt their tenant management systems. They demand to be listed on the policy as a party to the contract and to be informed if the policy is canceled. The property manager will also receive notice when you renew your renter’s insurance contract.

Why do you need renters' insurance? It has two major parts: Liability and Personal Property Coverage. Liability is probably the most essential part. If you damage other people’s property or cause injury to someone through negligence, you will be held accountable and responsible for the damage or injury. Heaven forbid you start a blaze in your unit because you leave a space heater burning all night that catches some nearby paper on fire. Let’s say fire engulfs your apartment and spreads to others before the fire department can put it out. You will be responsible for the damage you cause to others’ personal property and the building.

What if someone dies or is severely burned and suffers from smoke inhalation? You must pay for their injury, which could exceed your ability to pay. The liability portion will kick in and may help you with a legal defense and pay up to the limit in the policy. And, of course, your personal property, like beds, clothes, and food, will be covered, subject to a deductible and the amount of coverage you have selected.

Renters' insurance is more affordable than you may think. Don’t get left out in the cold with no place to live or clothes to wear. Call us for a quote at 503-489-3143 or complete this quote request form. Select Renters insurance in the drop-down box under Type of policy requested.