Why You Need Renters Insurance If You’re a Renter

You buy insurance for your car and your health, so why not for your stuff? Whether you live in a small studio or a huge duplex, it’s important to protect your belongings, your house guests, and yourself in case the unexpected happens. If a fire or flood destroyed your things, would you be able to afford replacements? Renters insurance can help.

Why You Need Renters Insurance If You’re a Renter

What is renters insurance?

Even though your landlord has insurance on your building, that protection does not extend to your personal belongings. Renters insurance policies can differ, but you can expect a typical policy to cover:

  • Personal property – protect your personal belongings up to your chosen limit against unexpected events such as fire, theft, vandalism, smoke, windstorm, and more.
  • Personal liability – protect yourself in the event of a covered loss due to accidental or negligent actions, like if you started a fire in your apartment.
  • Medical payments – if someone is injured in your space, your policy will pay for medical expenses and can even help cover potential legal fees.
  • Additional living expenses – your policy can reimburse you for additional living expenses incurred as a result of a covered loss, such as a hotel room if your place is damaged or under repair and you are displaced.

Why do you need renters insurance?

Your stuff is probably worth more than you think it is. The average renter has somewhere around $30,000 in personal property yet only 40% of renters have renters insurance. When you consider all the clothing, furniture, electronics, jewelry, and more that you own, would you be able to afford to replace it if something happened?

When disaster strikes, it is often unexpected and brings with it unexpected costs. Minimize your out-of-pocket expenses from:

  • Fire and/or smoke
  • Theft or burglary
  • Vandalism
  • Windstorm or hail

Purchasing renters insurance is quick, easy, and affordable. Have we mentioned it’s affordable? Get a renters insurance quote from Safe Auto Group Agency and gain peace of mind knowing your personal belongings are protected.

*This is only a general description of coverage and is coverage is subject to terms, provisions, exclusions, and conditions.

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