Plenty of people can grasp the importance of insuring a really expensive item like a car, a home, or even a piece of good jewelry. However, far too many people assume that since they still rent their residence, they can’t benefit from insurance coverage as well. In actuality, renters insurance is one of the most important (but most often overlooked) types of coverage. It’s inexpensive, too!
Protect your belongings against theft.
Theft and burglary are occurrences that everyone should be prepared for and renters insurance can help make sure you’re covered should it happen. For extremely low rates, you can enjoy thousands of dollars worth of protection each month for jewelry, furniture, and even shoes.
Cover yourself in case of an act of God.
No one ever thinks devastating damage from a fire or a flood is ever going to be something that happens to them. However, in the event it does, you’ll be grateful for your renters insurance. Even if your actual belongings aren’t damaged, insurance can still help pay for lodging, food, and other necessities in the event you need to evacuate your residence temporarily for disaster-related repairs.
Guard against liability for visitors’ injuries.
Renters should be thinking about how they’d be covered in the event a visitor or guest falls or injures himself while in their home. Renters liability insurance does exactly that and can help take care of the costs of medical bills or lawsuits.
Protect your belongings from your own accidents.
Good renters insurance can even protect your things in the event you inadvertently cause damage, as with an apartment fire that you accidentally start. Any damage caused to your neighbors’ belongings because of such mishaps will also be covered.
At the end of the day, the value of a solid renters insurance policy can’t be denied, especially when it comes to the peace of mind it can bring to your daily life. Talk to your insurance agent today about what policy might be best for you.