4 Reasons to Have Renter’s Insurance

10/10/2019 (Permalink)

Renters insurance is a reliable, cost-effective way to be prepared for the unexpected

4 Reasons to Have Renter’s Insurance

Renters in Jearoldstown, TN, count on their landlords to handle most everyday issues with the rental. When a theft, accident or event happens, personal property is not typically covered by the landlord’s policies. Renters insurance is a relatively inexpensive addition that can provide peace of mind when it comes to an array of issues, including fire restoration and an injured guest. Below are four reasons to get a policy as soon as possible.

1. Protect Your Belongings

Whether its theft, fire damage or water incident, the loss of personal property can be frustrating. This type of protection, depending on the policy, will cover replacement and repair costs. In the case of fire, it will also help pay a professional for restoration services. It’s important to remember that it might be a rental, but it is still a home stocked with furniture, clothes, artwork and much more.

2. Protect Your Guests

If a slip happens outside your premises, it is likely that landlord will be liable for an injury. If a guest is bitten by a pet or injured inside your rental, you could be held responsible for covering some, or possibly all, of the medical bills. This insurance protects you so you don’t have to cover costs out of pocket.

3. Cover Incidentals

If a fire, pipe burst or similar event happens, it’s not just your belongings that could be affected. If there is extensive damage, it will require extensive repairs that may require temporarily relocating. Most policies include loss-of-use protection, which may cover the cost of other housing and food during renovation.

4. It’s Affordable and Versatile

Simply put, renters insurance is affordable and worth the money you could lose out on if you don’t have it. While it varies across agencies, on average it costs around $15 per month. Along with not breaking the bank, this insurance isn’t a one-size fit all. There are different options to ensure you have the coverage you need.
When it comes to the things you love, don’t take a risk. Renters insurance is a reliable, cost-effective way to be prepared for the unexpected.