Even if you don't own a home, it's likely that you own thousands of dollars of personal property, and it's important that you protect these belongings against loss or damage with renters insurance. In fact, there are several good reasons to purchase this type of coverage. BestRate Auto Insurance, with locations in Vidalia and Statesboro, GA, discusses some of the most important reasons in the sections below. With some preparation, you can protect yourself financially should some kind of disaster strike.

3 Important Things Covered by Renters Insurance

1. Personal Property

Depending on your policy language, renters insurance reimburses you for either the current value or the replacement cost of any personal property damaged or lost due to storm, fire, theft, vandalism, or other named perils. It covers the contents of your house, as well as the belongings you have with you when you travel. Consider how much your clothing, furniture, electronics, tools, and other personal assets are worth, and you'll start to understand how important renters insurance is.

2. Liability

Moreover, a renters insurance policy protects you against liability. If you, your pet, or a family member should injure someone or damage their property, your insurance coverage would pay for medical treatment and the cost to repair or replace the property. It also pays any legal costs associated with defending a lawsuit—including lawyer fees, court costs, and judgment or settlement amounts—should you find yourself in court over the incident.

3. Additional Living Expenses

If your home or apartment should become uninhabitable, you might find yourself temporarily facing a higher cost of living due to a hotel stay, restaurant bills, laundry expenses, and other costs. Your renters insurance policy covers any amounts over and above your normal living expenses, so you won't find yourself financially burdened while you're still in crisis mode.

BestRate Auto Insurance maintains locations in Vidalia and Statesboro, GA, for your convenience. Because they represent a wide selection of insurance companies, they can search their network to help you find a renters, auto, or homeowners insurance policy that meets your individual needs and fits your budget. Visit their website for business hours and directions to both locations, or call (912) 489-5942 to speak with a friendly, knowledgeable insurance agent.