While no one wants to prepare or think about worst-case scenarios, it’s crucial to be one step ahead at all times. Renter’s insurance is the safety net for all mishaps and accidental disasters that could happen while renting an apartment. We don’t plan for these situations to occur; they just happen! Camden residents are required to have coverage while living in our communities, and this is to protect you and your personal belongings from loss, damage, or that ‘worst-case scenario’ you didn’t think would happen.

Photo Courtesy of Camden World Gateway

If you still aren’t sold, let me tell you just how beneficial renter’s insurance is to have.

It’s easy to obtain!

The average cost of coverage typically starts around $13-20 per month and varies based on the amount of coverage you need. Luckily, eRenterPlan makes it easy for Camden residents to obtain coverage! Once you apply (you are already pre-approved as a Camden resident), eRenterPlan will automatically send us your policy information, so you don’t have to!

Why choose eRenterPlan? Here are a few reasons why:

- No rate increases after a claim - No additional cost for adding roommates (up to four roommates)

You are covered against loss of personal property.

Your personal belongings are important! Laptops, electronics, furniture, and clothing can all add up if something were to happen inside your home. If your items are ever damaged or stolen, eRenterPlan will pay you based on the replacement cost, so you are at least able to purchase a new item of similar quality.

Pro Tip: Always take inventory of your belongings! Keep a running list of your items on your phone or on hand to ensure that if anything were to happen, you will at least have this list handy when submitting a claim.

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You are provided personal liability coverage.

Camden offers a great pet policy that allows you up to three pets per apartment, with no weight limit! What would happen if your sweet chihuahua was having an off day and decided to bite another resident on the way to the dog park? Well, it’s a good thing you have renter’s insurance! In fact, eRenterPlan covers dog bites regardless of the breed. Aside from dog bites, accidental fire or water damage is something that would also be covered with your personal liability coverage.

Pro Tip: Camden requires limited liability coverage of at least $100,000 when you are looking for a new policy.

Photo Courtesy of Camden LaVina

Displaced out of your home due to damage? Staying in a hotel? You are covered!

If your apartment incurred an unfortunate flood, causing your home to be unhabitable, you will most likely have to stay in a hotel until your apartment is ready to be lived in again. Additional Living Expenses (ALE) is a type of coverage that pays for expenses (hotel room/moving expenses) if your apartment becomes uninhabitable.

Pro Tip: eRenterPlan will provide up to 100% of your personal property limit, depending on the situation, while other companies typically provide up to only 30% if you were to be displaced!

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Don’t let uncertainty become your roommate! From safeguarding personal belongings to providing liability coverage, the benefits far outweigh the minimal cost per month to be covered under renter’s insurance. Without renter’s insurance, you risk significant financial losses and liabilities in the event of unforeseen situations and disasters!

Visit your local leasing office or eRenterPlan if you need more information on ways to protect yourself with renter’s insurance.