Whether you own a house or rent an apartment, that space becomes your home, and it’s important to keep it safe. You might believe that if you’re renting, you don’t need property insurance. However, if something were to happen to your belongings, could you pay to replace them? Below are three myths people have about renters insurance, along with why it’s crucial to have a policy in place if you’re renting from a landlord.

Don’t Believe These 3 Myths About Renters Insurance

1. My Landlord Will Pay for Property Damages Since I’m Just a Renter

Most of the time, a landlord will only have an insurance policy covering damages to the building. Once a landlord has tenants in their building, they’ll change the policy, so they don’t have regular homeowners insurance covering both the structure and possessions inside of it. As a result, it’s important to have renters insurance, so your personal items, including your furniture, are covered if something happens to the building.

2. Renters Insurance Only Covers My Possessions

Like other types of insurance, renters insurance can cover a variety of things. In addition to your own belongings, it can also cover damage that occurs to others and their property on your behalf. For example, if a guest gets injured in your apartment, you could be liable to pay the medical and legal costs. The same is applicable if your sink overflows and leaks into the apartment below you, damaging the furniture and other property. Protect yourself financially in these situations.

3. Renters Insurance Is Expensive, Like Other Insurance

It’s more affordable than homeowners insurance and auto insurance. Your monthly payment will depend on your location and the types of providers available, but it can cost approximately 50 cents per day. You could even get a discount if you add it to a current insurance policy, like the one for your car. Shop around for the best rates and coverage.

Give yourself peace of mind in your home by getting a renters insurance policy. The team at Town and Country Insurance Agency in Waynesboro, VA, is known for providing the broadest property insurance policies in the industry with the most flexible coverage. In addition to renters insurance, they also offer homeowners, business, auto, and life insurance. Their owner has more than 22 years of experience and is dedicated to offering unmatched professionalism to all clients. Call the fully-insured team at (540) 221-2465 for a policy covering what matters the most. You can also visit the website to learn more about their insurance products.