Insurance description
Why do I need Renter’s Insurance?
You rent the house or apartment where you live, so why
would you need insurance? Isn't that just for
homeowners?
Your landlord’s policy will not cover your personal
property.
The homeowner’s or commercial property insurance policy
that covers the physical dwelling you live in does not
cover your possessions inside of the building. A
renter’s insurance policy (also known as a tenant’s
policy) provides protection for your personal property,
such as furniture or electronic equipment, in case of
perils like fire, theft or wind damage from a hurricane.
Renter’s insurance provides liability protection.
Unintentional bodily injury or property damage that you
cause to others could be as financially damaging to you
as a fire in your apartment. Liability protection
against accidental occurrences (such as a visitor
slipping on your wet kitchen floor and breaking an arm)
comes standard with renter’s insurance policies.
Renter’s insurance is inexpensive.
Compared to the amount of property you could stand to
lose in the event of a severe loss at your residence,
renter’s insurance is cheap. Follow the link at the
bottom of the page for an online renter’s insurance rate
quote, and see for yourself how reasonable this coverage
can be.
Whether you rent an apartment or a home, renter’s
insurance is an important means of protecting yourself
from financial hardship. |
