You Need Renter's Insurance! Here is Why
In plain and simple terms, insurance is to protect what holds dear or valuable to you. Sadly, though, nobody wants to think that something bad is going to happen in the future. So most people avoid buying insurance thinking nothing awful would befall your property, your business, or yourself.
The most rarely purchased in RENTER’S INSURANCE. This type of policy is meant to protect your belongings and here are the seven reasons why you should get a renters policy.
1. Your Landlord Does Not Cover Your Belongings
The honest truth is that your landlord’s homeowner policy is never going to cover the personal items inside the property. So, don’t feel so confident in your landlord telling you that his insurance has got you covered. If you buy your own renter’s insurance, you are assured that whether you are just renting a room or the whole house, your stuff in there is fully covered.
2. Untoward Incidents do Happen
No one thought Hurricane Katrina was going to happen. Or, who could tell when the next hail storm will come and damage the roofing of the property that you are renting. Or if you live in an apartment building, can you be sure that all your neighbors are careful round the clock—what if someone forgets to off the stove?
3. Liability Law Suits
Here is another thing that nobody wants to think about. Your friend or neighbors are amazing people and they always will be until something bad happen and it involves money. What if your friend suffers injury from an accident that happened in your home? Broken arm, ankle, head trauma? Surely it’s not your fault but there is a liability there.
4. Theft
Don’t expect our landlord’s homeowner’s insurance policy to protect you from losses arising from robbery.
5. Inability to use the property.
If you have renter’s insurance, you have protection in case the property you are renting becomes inhabitable after a calamity such as a tornado or earthquake or if it got burned down or a bad hailstorm left a big hole in the roof.
6. A renter’s insurance policy is affordable.
It is not expensive to get this type of insurance. Most companies require a minimum limit of $25,000 and that should be pretty much enough to cover all stuff that you own—ALL literally! With such a limit, you can pay for such a policy in more or less $8.00 a month.
7. Save money when you bundle up.
You can bundle renter’s policy with that of your car. If you are lucky, with your auto insurance you might get your renter’s policy for free.
If you need help looking for the best renters insurance deal and you do not want to break the bank, seek help from an insurance advisor that knows how to listen. Call, 651-434-5885 or get a free quote here.
1. Your Landlord Does Not Cover Your Belongings
The honest truth is that your landlord’s homeowner policy is never going to cover the personal items inside the property. So, don’t feel so confident in your landlord telling you that his insurance has got you covered. If you buy your own renter’s insurance, you are assured that whether you are just renting a room or the whole house, your stuff in there is fully covered.
2. Untoward Incidents do Happen
No one thought Hurricane Katrina was going to happen. Or, who could tell when the next hail storm will come and damage the roofing of the property that you are renting. Or if you live in an apartment building, can you be sure that all your neighbors are careful round the clock—what if someone forgets to off the stove?
3. Liability Law Suits
Here is another thing that nobody wants to think about. Your friend or neighbors are amazing people and they always will be until something bad happen and it involves money. What if your friend suffers injury from an accident that happened in your home? Broken arm, ankle, head trauma? Surely it’s not your fault but there is a liability there.
4. Theft
Don’t expect our landlord’s homeowner’s insurance policy to protect you from losses arising from robbery.
5. Inability to use the property.
If you have renter’s insurance, you have protection in case the property you are renting becomes inhabitable after a calamity such as a tornado or earthquake or if it got burned down or a bad hailstorm left a big hole in the roof.
6. A renter’s insurance policy is affordable.
It is not expensive to get this type of insurance. Most companies require a minimum limit of $25,000 and that should be pretty much enough to cover all stuff that you own—ALL literally! With such a limit, you can pay for such a policy in more or less $8.00 a month.
7. Save money when you bundle up.
You can bundle renter’s policy with that of your car. If you are lucky, with your auto insurance you might get your renter’s policy for free.
If you need help looking for the best renters insurance deal and you do not want to break the bank, seek help from an insurance advisor that knows how to listen. Call, 651-434-5885 or get a free quote here.
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