Many people opt to rent a house or apartment in lieu of owning a home. In some cases, this is for financial reasons. Others opt to do so to avoid many of the pitfalls that come with owning your own home.
But what happens when there’s a weather event, fire, or theft? Do you really need renters insurance? Here are four facts to consider.
#1: Your Landlord is Not Responsible for Your Belongings
One really big misconception among renters is that their landlord is responsible for their belongings if an incident occurs. The truth is that your landlord is only responsible for the building itself, not your items. By having renters insurance, you can make sure you are covered against any unexpected losses.
#2: A Fire or Theft Could Happen Anytime
The unexpected usually happens when you are the least prepared. By having a renters policy in place, you can rest assured that if a fire, theft, or other incident occurs, you are ready.
#3: Most Policies Cover Your Items Anywhere in the World
Do you travel often? Or do you leave a variety of different personal items in your vehicle? If you answered yes to either of these questions, purchasing a renters policy is important. Most carriers offer coverage for your items no matter where they are. This means that your laptop that your accidentally left in your passenger seat and that heirloom necklace you took with you on your whirlwind European vacation are both covered.
#4: Renters Policies Are Affordable
Another misconception about renters policies is that they are expensive, when they are quite affordable. Often, you can get total coverage for your belongings for only a few dollars a month. Some policyholders even receive a special discount for having a renters policy and their auto insurance with the same carrier, which often makes the cost of premiums the same or lower than just covering your car alone.
Learn more now. Contact our team at the Insurance Shop USA today for a no-obligation quote.
