Perhaps you are renting a home or an apartment, and you think you are covered if anything at all were to go wrong on the property. That is where you’d be wrong. While your landlord’s insurance will cover damage to the building, there are many situations that will not be covered by that policy. For this reason, you should invest in having renters insurance to keep yourself protected. Are you wondering why you should invest in a policy? Here are some reasons.
Theft
In the event that a burglary happens in your apartment, or any of your belongings are stolen, you want to be sure your insurance will take care of replacing them. Your landlord’s policy will not cover your personal belongings, so it is time to protect yourself. If you live in a city, it is especially important, as break-ins are extremely common. Not to mention, the value of all your “stuff” is probably a whole lot higher than you think!
Liability
Perhaps you are someone who constantly hosts guests or neighbors in your home. Maybe you don’t know that if somebody were to be injured on your property, you can actually be held liable, even if you thought you were already covered by living in a rented property. Investing a renters insurance policy will protect you from costs associated with being held liable for someone who is hurt in your apartment.
Damage
While your building’s damage in the event of a fire will already be covered, your personal possessions that get damaged will not be covered. Go ahead and tally up how much it would cost to replace everything you have, including any electronics, jewelry, and other valuables. You certainly don’t want to find yourself empty-handed and with no way to replace everything that is damaged in a disaster, so invest today in renters insurance.
It is never a good idea to cut corners or leave yourself unprotected. Clearly, there are many situations that could happen in your home or apartment where renters insurance will be a necessity. Don’t wait – speak to one of our agents today to find the coverage that you need. *