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Many Connecticut residents choose renting over owning a home, but apartment rentals come with their own risks and responsibilities. Car insurance and health insurance are usually easy to understand, but what exactly does renters insurance do? With five locations throughout Connecticut and Rhode Island, Murphy Properties specializes in apartment rentals, and they want the best for their clients. Renters insurance is something all renters need. It will save you from unnecessary headaches and expenses, and it’s the first step to becoming a responsible renter.

Here are the top three reasons why you should have renters insurance:

  • Theft Protection: Burglary can happen at any time to anyone. Renters insurance will ensure that if your apartment is hit, you’re covered. Most policies let you choose how much coverage you want. Whether the most valuable thing you own is your TV or you have the world’s largest collection of Air Jordans, your life won’t be turned upside down by one desperate thief.
  • apartmentsFire Protection: In case of a fire, renters insurance won’t be able to save the property, but it could save you from losing everything. Even small fires have the potential to cause serious damage, and you may end up being responsible for paying for it. Many apartment rentals share walls, and if a fire starts on your side of the wall and spreads to your neighbor’s space, you could even be responsible for their damage. Get renters insurance and it will be the insurance company that pays, not you.
  • Accidental Damage: Accidents happen, and in many cases there’s nothing to do about it but clean up the mess. You could end up paying your landlord or your neighbor’s landlord big bucks, but in many cases, renters insurance will cover property damages that you inadvertently cause.

More than anything else, renters insurance is peace of mind. If an emergency happens, you don’t need to worry about how you’re going to pay for it. Learn more about the benefits of rental insurance by contacting Murphy Properties. Call them at (860) 599-1980, or visit their website to get a glimpse of their available apartments for rent.

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