If you take a quick inventory of your valuables, including your furniture, electronics, and clothing, you might be surprised by how much everything is worth. That’s why it's essential to have renters insurance to protect yourself from the cost of replacing them in the event of damage or theft. Wilson Insurance Agency in Dalton, GA, provides a variety of affordable coverage to home and vehicle owners as well as people who live in rental properties and explains vital information about such plans.

4 Critical Elements of Renters Insurance

Liability Protection

If someone is injured in your dwelling, renters insurance will pay for their medical expenses. Some personal liability policies even might pick up the tab for lost wages resulting from the injury and legal claims filed by affected parties.

Personal Property Protection

Your policy will pay for damage to your property caused by natural disasters, fire, theft, vandalism, and other perils. Depending on the details of your plan, your carrier might pay for the cash value of the items or the replacement cost.

Reimbursement for Temporary Living Expenses

If your rental property is damaged and deemed uninhabitable, insurance coverage will pay the cost of living elsewhere during the repair process. This can include hotel bills, food costs, and other expenses related to your temporary relocation.

Travel Protection

If your laptop or another personal item is damaged or stolen while you are on a trip, your renters insurance could cover your loss. It might include paying for repairs or replacement after a theft or damage to an item while you’re traveling in your car or staying in a hotel.

Renters insurance is relatively inexpensive and well worth the price. To protect yourself from the cost of replacing your valuables, call Wilson Insurance Agency in Dalton, GA, at (706) 278-0549 to discuss your needs. Visit their website to request a free, no-obligation quote and see more information about their plans, including auto and homeowners insurance.