Who Needs Renters Insurance?
With real estate as a driving force, today’s economy finally seems to be moving in a steady direction. Before long, however we may no longer have the extraordinary supports for the mortgage market that exist now.
Along with the future uncertainty of the housing market, upfront cost, and maintenance, a lot of people prefer to rent. Most people can understand the benefits of insuring an asset as large a house, but shouldn’t you also protect your belongings if you chose to rent?
Protecting your apartment against damage and theft
Your landlord’s insurance policy doesn’t cover your belongings. Apartment insurance can help replace your valuables if you become the victim of theft. A policy can also cover your clothes, sports equipment, electronics, and more whether or not they are located inside your home. Some of the key coverages available for renters are:
Loss-of-use coverage, which helps pay additional living expenses if you need to live somewhere else due to a covered incident
Personal liability coverage (in case a guest is injured in your rental)
Coverage for certain accident-related medical expenses
Identity theft coverage (state availability varies)
Replacement cost coverage (for your personal things)
Off-premises coverage for your property
Bundle and save on your insurance premium when you combine your renter's policy with your auto policy. Ask your agent about a renter’s insurance today.