Why You Need Renter’s Insurance

You might not think that renters insurance is necessary. It’s probably the furthest thing from your mind. It’s just another bill to pay. But, it is more important that you think, and it could save you from having to spend thousands of dollars to replace your possessions. If you aren’t convinced yet, here is what renter’s insurance could cover for you in case of an accident.

What does it cover

You, the renter’s, possessions
Your liability if someone is injured on the property
It can provide alternate living arrangements if the house needs to be repaired due to extreme damages.

It may also cover:

If you borrowed something from a friend and it was in your home during a fire or flood, your policy could cover to replace their property.

Items stored in other places. Many rental policies will cover your belongings that are stored somewhere else. It could also include items stolen from your car.

Credit card coverage. If someone breaks into your home and steals your credit card then goes on a shopping spree, your insurance company may cover those charges.

Food. If your fridge breaks down, you could claim what was in there in your insurance policy.

Before buying

Before you decide on a renter’s insurance policy, make sure you know what you ‘re getting. There are two different policies to choose from.

Actual cash value policy- you will get the money for your belongings at their depreciated value. Whatever they’re worth at the time of the incident is what the policy covers. If you purchase the item again, you will have to pay the difference.

Replacement cost policy- if your laptop is damaged or stolen, the price of a new, similar laptop will be given to you.

Contact us

If you’re in search of a quality, inexpensive, renter’s insurance policy, we can help fund the one that is perfect for you. Don’t go another day without having your belongings protected! Give us a call for a quote today! 800-240-3654