Why You May Need Renters Insurance
Do you question whether you need renters’ insurance or not? Here are some answers to some questions that can help you come to your own conclusion.
Do You Rent the Space Where You Live?
Are you currently renting or thinking about renting a home, duplex, apartment, or condominium? Since renters insurance doesn’t cover actual real estate, it is designed for those who rent their space, either for the short or long term.
Do You Have Personal Possessions?
Odds are you may own more items than you realize. Even if you rent a furnished space, you still likely have plenty of clothes, bedding, small appliances, cookware, and other personal items that could be covered in a loss while renting.
Do You Travel?
Renters’ insurance may be able to cover your personal possessions while you travel for fun or business.
Do You Have Visitors or Get Deliveries?
The liability portion of your renters’ insurance policy can help financially protect you should a visitor or delivery person injure themselves while on or in your rented space. It generally will not only cover legal costs but may even cover expenses associated with a judgment or settlement.
Does Your Landlord or Property Manager Require It?
More and more landlords and property managers are asking their tenants to secure renters’ insurance. By the way, you can seek out your own provider. We suggest you contact one of our independent insurance agents for a no-cost, no-obligation quote on renters’ insurance for your situation.
It is important to note that, like most loss prevention (insurance) products, renters’ insurance has its limitations and restrictions. It will not cover everything under all circumstances, and there are coverage limits. If you have valuable electronics or a valuable personal collection of jewelry or other items, discuss them with our independent insurance agent to make sure you fully understand your renters’ policy.
Renters’ insurance is surprisingly affordable, and you may even be able to get further discounts when bundling it with auto insurance. Connect with us to see your options and to protect the items you’ve worked so hard to acquire. We look forward to assisting you.