Many renters assume that their landlord’s property insurance policy also covers their own personal possessions in the case of a natural disaster or serious structural problem, only to find themselves paying for damages out of pocket if something goes wrong. If you don’t own your own home, a good renter’s insurance policy provides crucial protection against an extensive range of threats, including property damage and expensive lawsuits.
4 Reasons to Invest in Renter’s Insurance
1. Storm Damage
Serious storms, including hurricanes and tornadoes, can be incredibly destructive, completely wiping out everything you own. If you fall victim to one of these potentially catastrophic acts of nature, your renter’s coverage will pay for all your property damage, replacing everything from your electronics and furniture to family heirlooms and kitchen utensils.
2. Fire Damage
Even if a fire doesn’t destroy your home, smoke damage can make salvaging your surviving possessions all but impossible. Renter’s insurance will pay for covered losses to your possessions, helping minimize the impacts of the fire.
3. Theft & Vandalism
Your insurance policy protects you from much more than natural disasters and accidents. The standard offer, for instance, includes coverage for losses due to break-ins and vandalism—although you might need to get an additional ride if you have especially valuable items like artwork and jewelry.
4. Liability Suits
Even if you rent, you’re legally obligated to provide a safe environment for everyone who has a right to be there. If a guest trips on a cluttered stairway, your renter’s insurance will shield you from the financial consequences, as well as any damages accidentally caused by you or your family members.
From their offices in Dumas, the professionals at CIS Insurance provide a range of high-quality affordable services to clients throughout the Texas Panhandle, including policies with coverage extending into Mexico. To learn more about their array of services and to request a renter’s insurance quote, visit their website, or call (806) 935-6512 to speak with a representative today.