If you rent a house/apartment and experience an accident that causes property damage, your landlord’s insurance will only cover the cost of repairing the building. This is great in situations where only the building you live in has been damaged, but what happens if your personal belongings are affected as well? This simple question is the biggest reason why people who rent homes should purchase renters’ insurance at all times. With the right renter’s insurance policy, you’ll never have to worry about lost or damaged property in your apartment.
What is Renters Insurance?
Renters insurance is a class of property insurance which simultaneously provides coverage for an insured person’s possessions, and also protects them from liability in the event that a guest on their property suffers an injury.
Renters insurance can provide reimbursement for loss or damage due to events such as:
- Electrical surges
- Extreme Weather
- Falling objects
- Water damage caused by plumbing failure and other minor mishaps
The liability coverage contained in renters insurance is a lifesaver in frustrating situations that happen every day. For example, if one of your pets were to bite a guest at your home, a good renter’s policy would not only cover their medical expenses but also pay for any lawsuits that could arise from such an occurrence. If a covered incident rendered you homeless, renter’s insurance could even pay for housing costs you sustain if you end up with nowhere to live.
Not only is renter’s insurance a good precaution against random misfortunes, but it’s also affordable. Even if your financial situation doesn’t allow much flexibility, many insurers offer perks like payment-plans and special discounts to make it easier for you to obtain coverage. There’s simply no need to make the mistake of waiting until you need renter’s insurance in order to decide on buying it. For more information, visit any of our offices or give us a call at 1-800-639-7654 to find out how Adriana’s Insurance Services can help you find the right insurance policy. We got you covered!