Buying renters insurance is important to stay protected. However, many people think that buying renters insurance is a complicated process, and some people have misconceptions about coverage, which is why so many avoid or delay buying a policy. Once you understand the importance of buying renters insurance, you may be eager to take out a policy of your own.
Here are some myths about renters insurance you should be aware of:
“Coverage is Retroactive”
No, it is not. You can’t buy insurance to seek damages for incidents in the past. For example, if your house […]
What renters insurance doesn’t cover.
If you live in a rented apartment or home, then you know how important it is to protect your belongings and personal liability with the right renters insurance. However, like all insurance policies, renters insurance does come with certain coverage limits and exclusions. To ensure that a gap in your policy doesn’t catch you by surprise, here’s what renters insurance doesn’t cover.
Certain Natural Disasters
While renters insurance offers protection against most natural disasters, there are certain extreme events that are excluded from coverage. For […]
Ask yourself these questions when purchasing renters insurance.
If you are renting a home or an apartment, then you need to secure renters insurance to protect your possessions and your personal liability. However, it’s important that you don’t simply choose the cheapest policy that you can find. Ask yourself these questions when purchasing renters insurance to ensure that you are making an informed decision.
How much are my belongings worth?
As mentioned, renters insurance is designed to protect your belongings. To ensure that your policy is offering the comprehensive coverage that you […]
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 […]