Everything You Should Know About Renter’s Insurance

| April 6, 2016

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Ian Kata rents a townhouse along with two friends and recently faced a break-in. The burglar got away with between $4,000 and $5,000 worth of items, including a computer.“My roommates happened to be gone that weekend and when I got home, I discovered the burglary,” he said. “Unfortunately, I didn’t have renter’s insurance after getting a high quote.”Renters’ insurance is intended to provide protection when disaster or theft arise. These policies cover for you for damage from fire, windstorms, smoke, theft, ice and snow, and accidental water incidents. Renter’s policy does not cover flooding, earthquakes, mudslides or damage from government action like a seizure of property. Even if your landlord or condo association have insurance, it only protects the building structure and not personal belongings.

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CaixaBank

The Fundación Bancaria Caixa d’Estalvis i Pensions de Barcelona, “la Caixa”, is the result of the transformation of Caixa d’Estalvis i Pensions de Barcelona, “la Caixa” into “la Caixa” Banking Foundation, in compliance with the Savings Banks and Banking Foundations Law, of 27 December 2013.

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