What’s the big deal about Renters 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.