Renters Insurance

Advantages of renting 

There are many perks to renting as opposed to owning; no property taxes, lawn care, snow removal, etc. 

However, your rental is still a home which means home-like hazards can still happen. Theft, fire, and disaster are still concerns regardless if you own your home or not. Everyone has valuables and it is important to protect them from any type of harm.

Even if the owner of your unit has insurance, you are not entirely covered. Owners are only required to have insurance for the structure itself, not the content inside. Everything inside is in your hands in terms of coverage.

The Cost Of Replacing Your Stuff

You may think that things such as fire or theft could ever happen to you.. until it does. What a lot of people fail to realize is how much replacing everything you own can cost. While almost all material things can be replaced, you must ask yourself,  "could I afford a new wardrobe, bedroom set, computer, etc. in the events of a loss?" If your answer is no, it is our professional opinion that renters insurance would be a good fit for you. 

In most cases, purchasing renters insurance is significantly cheaper than replacing everything you own resulting from an accident. Not only does this line of insurance cover your belongings but it protects you from being held liable if someone else were to hurt themselves inside of your home. In these cases, you will be covered up to your policy limits. 

Do you need renters insurance?

According to recent estimates, nearly two-thirds of the 81 million people who rent their homes are uninsured for their contents, or for any liability arising out of their tenancy.

First, do the math and add up how much it would cost to replace your belongings.

Second, check with the terms of your lease, and verify if carrying a renters policy is required by your landlord.

Third, reach out to us and we can get you a free quote to see just how affordable protecting yourself and your belongings can really be. 

What else is covered?

Renters insurance can cover virtually all of your personal possessions. Most policies provide coverage for electronic goods and equipment, small appliances, sports equipment, cameras and photography equipment, furniture, clothing, glassware and china, and books. Other items, such as computers, jewelry, furs, watercraft, and firearms, can also be covered with extended protection. Your renters insurance policy may include:

  • Personal property protection
  • Family liability protection
  • Guest medical protection
  • Additional living expenses
  • Additional protection
  • Temporary housing
  • Liability protection for people on your property

Again, we encourage all renters to spend just five minutes with a calculator to add up the cost of replacing everything they own. What if you came home tomorrow and your apartment had burned down? Where would you go? How would you pay to replace your clothing, furniture, and appliances? When you ask yourself what renters insurance covers, you can relax and say yes to all of the above.