Disaster can strike at any time, in the form of fire, serious storms, or criminal activity. Many renters incorrectly assume that their landlord’s insurance policy will cover their belongings if the worst occurs. Watts Insurance Group in Lincoln, NE urges everyone to get renters insurance as possible to protect themselves from the unexpected.
A Guide to Renters Insurance
The Consequences of Being Uninsured
A local family tragically suffered an apartment fire just days before Christmas. Thankfully, no one was hurt. Still, the damages totaled over $40,000 – an expense that most people can’t afford to cover out of pocket. While the landlord likely had coverage to repair the building itself, without renters insurance, the victims lost their belongings. Donations collected by Watts Insurance Group and others in the community supported the family, but it’s a cautionary tale about the dangers of going without renters insurance.
What Renters Insurance Covers
A renters insurance policy will pay to repair or replace belongings damaged in many situations, from fire and burst pipes to falling storm debris and even theft. It also protects your financial future with liability coverage that shields you from lawsuits for accidental injury or property damage. You can also opt for additional riders, such as at-home business protection or pet damage coverage.
It’s More Affordable Than You Think
Renters insurance is reasonably priced. Most people can completely protect their belongings for just a couple hundred dollars per year. Compared to the cost of replacing all your possessions, renters insurance is a valuable investment.
As an independent insurance agency, Watts Insurance Group offers high-quality renters insurance from several of leading carriers in the industry. The friendly agents at this local, family-owned firm will take the time to go over your finances and choose a policy designed to protect your assets at the best rates possible. Visit their website to learn more about the value of renters insurance, follow their Facebook for news and updates, or call (402) 261-3999 to request a quote today.