Why you should protect yourself with the right renters insurance.
When you rent, you are not responsible for repairing the damages that your rental home or apartment sustains. Because they have fewer responsibilities, many renters feel justified in skipping out on renters insurance. However, there are some real advantages to having this important coverage. Here are three of the reasons why you can’t afford to skip out on renters insurance.
- Protection from theft
Even if your rental is in a safe part of town and is equipped with updated safety features, this isn’t always enough to deter criminals. Should your rental home or apartment get broken into, then your renters policy will offer coverage for the personal items that are stolen or lost.
- Protection from fire
While your landlord is responsible for fire damage to your rental home or apartment, they will not offer any compensation for the personal possessions that are damaged or lost during the fire. Additionally, they will not cover your additional living expenses if you cannot live in your rental while repairs are underway. Fortunately, the personal property and loss of use coverage included in your renters insurance will pay for your damaged belongings as well as your living expenses.
- Protection from guest injuries
If a guest injures themselves while on your rental property, then there’s a good chance that you will be held liable. Luckily, with renters insurance, you can use your personal liability coverage to pay for your guest’s medical treatment and, if necessary, your legal fees.
There are just three of the many reasons why you need renters insurance. Need help securing this essential coverage? If so, then contact the experts at Udell Family Insurance. We are ready to assist you with all your personal insurance needs today.