What’s the big deal about Renters Insurance?

hanging light bulbs with one lit up above the words Renter Insurance.

These days most of us are cutting costs where ever we can. For many renters that includes skipping or cancelling their renter’s policy, a potentially costly mistake. Many landlords are now requiring that their tenants show them proof of a renter’s insurance policy before signing a lease, but even if your landlord doesn’t require it there are still many reasons why you should purchase it.

-Renters insurance is more affordable than you think, usually less than $15 dollars a month.

– If a disaster happens your landlords’ policy will NOT cover any of your personal property.

– Renter Insurance covers your belongings if they are stolen or damaged. You may not think that you have a lot of expensive items but if you consider the cost of replacing all of your kitchen items, towels, sheets, and electronics it can certainly add up.

-Renters insurance provides liability coverage if someone sues you for something that happens to them while they are on the property to see you. If someone falls and breaks a bone or is bitten by your dog your renter’s policy will cover medical costs if they sue you.  

-If you have expensive items like jewelry or collectibles you can schedule them on your policy for a small cost and have replacement coverage for a small amount of premium.

If you need to setup or make change your renters insurance policy contact one of our customer service representatives.

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