Renters insurance is great to have for a variety of reasons. Here are just a few reasons why you should have renters insurance.
It is strongly recommended that you purchase renter’s insurance to cover any loss of your personal property and your possible liability in case of accidents.
The owner’s insurance on the property only covers the dwelling; it DOES NOT cover your personal belongings. You should obtain renter’s insurance that becomes effective on the date that you take possession of the property and maintain the policy as long as you occupy the premises.
It’s renters insurance, but it really should be called your stuff insurance.
It protects the things that matter to you like your clothes, furniture and electronics. It also protects you with liability coverage and it does it all for less than you might think.
Protect the things that matter to you.
You have a lot of things that are important to you—from your clothes and furniture to your TV, sports gear and computer.
Protect yourself and your guests.
Feel confident that all you’ve worked for is not at risk. A Renter’s Insurance policy protects you and your family against bodily injury and property damage claims and litigation up to the limits that you select.
Ask yourself, “Why do I need renter’s insurance?”
“What if a fire starts in the property and everything is lost?"
“What if I have a major flood from a broken water pipe or clogged drain line?”
“What if we have a theft or our home is burglarized?”
These “What if” scenarios do occur in homes. So, what happens if a “What If” occurs to you?
If you don’t have renter’s insurance, you may lose everything! The Landlord isn’t held responsible. In fact, even in incidents that you didn’t cause, you are responsible for replacing your possessions.
And, even worse, if you are responsible for an accident that causes damage to the property, losses to others, or injury to an individual, you could be held liable even to the owner of the property!
So, why do you need Renter’s Insurance?
To protect yourself from liability.
To protect your possessions and to replace them in the event of a loss.
To protect yourself financially.
To provide you with temporary living coverage if your residence is damaged.
To insure you will have someone on your side when the unexpected happens.
The owner’s insurance DOES NOT cover your personal property, food spoilage or costs associated with loss of use of the property. (i.e., lodging, if needed.)
You should verify that your renter’s insurance policy covers such events. Call your insurance agent today!