Renters Insurance in Florida
While state law in Florida does not require that anyone carry renter’s insurance, it also does not require your landlord to carry insurance. This means that if something should happen in your apartment or other rented property, there might be no safety net in place whatsoever, and all of your losses are going to come out of your pocket.
If your landlord is still paying off the property, then the chances are that their lender is going to require that they carry insurance until the mortgage is paid. However, the protections that these policies offer the renters are very limited. You might be covered in the event of injury or damages that can be said to have been your landlord's fault, but in the event of specific hazards like robbery, you're going to be on your own without renter’s insurance.
While renter’s insurance is not legally mandated, it can be required by your landlord. The reasoning here is that, if your insurance covers you, then you are less likely to get into a dispute with your landlord regarding whose responsibility it is to cover which losses. You both let your insurers handle the problem in the event of a fire or other hazard, with no conflict arising between landlord and tenant. In other words, it keeps things simple. Your landlord's insurance will cover the building itself, and your renter's insurance will cover your possessions.
Renters' insurance is about peace of mind. You want to know that should something happen that you're covered. If you have any questions or if you'd like to get coverage in the Tallahassee, FL area, get in touch with us at Fuqua Insurance Agency. You can call or drop by our offices, and we'll see what we can do to get you protected.