Renters insurance protects the renter and the property they are living in. It is taken by the person renting the house to ensure that their items get replaced in case they get damaged by things like or fire or if they are burgled. All renters need to ensure they purchase this as the property insurance owned by the landlord won’t always cover the belongings of the renter. If you still aren’t convinced that you need renters insurance, you must read the all the reasons why renters need it below…
As mentioned in the above definition, the main benefit of renters insurance is that your items are protected. Whether your items are harmed by fire, hailstorms, windstorms or lightning, you can be certain that the insurance will come in handy. Renters insurance can also protect your items from theft or burglary and even identity theft.
If the home you are renting is damaged, where would you stay while it is being repaired? You might need to stay with family and friends or you might need to pay a lot of money for a hotel room. Luckily you won’t need to worry about this if you have renters insurance as it will cover the costs of temporary living arrangements while the place is being fixed. So make sure you get a good package that lets you stay in a good place while the house is being repaired.
Did you know that people can sue you in case they get injured while they are at the house you are renting? It’s not just at the work place. This might get you start worrying, but you don’t have to panic as renter’s insurance provides coverage of accidents too.
Renters insurance is very cheap. You can get coverage of thousands of dollars for round $200. This will cover both liability and property damage. These are all the reasons why you need renters insurance. As you can see there are various benefits to owning. If you need some help obtaining some good renters insurance CONTACT US at Bosworth and Associates today.