GEICO says renters insurance is the key to protecting your new home

WASHINGTON–(BUSINESS WIRE)–If you’re renting an apartment or home for the first time, you’ll want a renters
insurance policy to protect your belongings. As a tenant, you are
responsible for your personal property and certain liabilities. Some
landlords even require that you have this coverage. Your landlord’s
insurance policy only covers damage to the building property and
liability claims.

“Take a moment to think how much it would cost to replace your stuff in
the event of a theft, vandalism or fire in your home,” said John Zinno,
president of GEICO Insurance Agency. “Renters insurance goes well beyond
what’s covered in a basic landlord’s insurance policy and protects you
from financial risks that are associated with taking on named perils.”

A 2015 Insurance Information Institute (I.I.I.) poll suggests that only
37% of renters have insurance. Renters insurance is important because it
protects renters with multiple coverage options for personal property
including furniture, televisions, clothing, jewelry and computers,
liability, loss of use, legal defense and medical payments.

Zinno mentions that your actual cost will depend on a number of factors,
including how much coverage you need, the type of coverage options you
choose, your deductible amount and where you reside. “It’s always wise
to have a basic understanding of what’s covered in your policy as well
as an estimate
of the value of your items if they ever need to be replaced.”

For more information on renter’s insurance, please visit https://www.geico.com/renters-insurance/.

GEICO
(Government Employees Insurance Company) is a member of the Berkshire
Hathaway family of companies and is the second-largest private passenger
auto insurance company in the United States. GEICO, which was founded in
1936, provides millions of auto
insurance quotes to U.S. drivers annually. The company is pleased to
serve more than 13 million private passenger customers, insuring more
than 22 million vehicles (auto & cycle).

GEICO’s online
service center, policyholders can purchase policies, make policy
changes, report claims and print insurance ID cards. Policyholders can
also connect to GEICO through the GEICO
App, reach a representative over
the phone or visit a GEICO
local agent.

GEICO also provides insurance quotes on motorcycles,
all-terrain vehicles (ATVs), boats, travel trailers and motorhomes
(RVs). Coverage for life, homes and apartments is written by
non-affiliated insurance companies and is secured through the GEICO
Insurance Agency, Inc. Commercial auto insurance and personal umbrella
protection are also available.

For more information, go to www.geico.com.

Contacts

GEICO Communications
301-986-3271
gcorpcomm@geico.com
To
view GEICO’s Blog: http://blog.geico.com/