Reasons why you should secure renters insurance coverage.
Renters insurance is a coverage that many renters overlook. Yet, it provides a reliable and comprehensive way to protect your property. The benefits of renters insurance are vast and wide, which is why we thought we would round up some top advantages of securing renters coverage.
- It protects your belongings
Many renters are under the mistaken assumption that a landlord’s insurance policy will protect them in case of a flood or fire. In reality, your landlord’s insurance policy only covers their property and possessions – meaning that all of your belongings are left vulnerable. Renter’s insurance covers your belongings if they are damaged or lost by a listed peril.
- It covers your liability
Renter’s insurance provides coverage in case of an incident of unintentional bodily injury to others. For example, if a friend visits you but they get injured or their property gets damaged, they could hold you responsible. With renter’s insurance, you would have help covering the cost of medical expenses and loss of wages due to an injury.
- It covers living expenses during repairs
Say your apartment is so badly damaged from a fire or natural disaster that you need to move out temporarily while it is being repaired. Renter’s insurance can help you cover these additional living expenses while away from your home. It helps to pay for hotel rooms, restaurant costs, laundry expenses, and more.
Talk to your insurance agent if you have questions about renters insurance or how to acquire coverage. The team at Gee-Schussler Insurance Agency are ready to find you reliable protection for your needs.
