Millions of American families rent their homes, but surveys routinely show that less than half have insurance to protect their valuables from the unexpected. Many people believe they can’t afford renters insurance, while others may not understand the benefits of these critical policies. Below are some answers to common questions about renters insurance and why it’s so important.

Common Questions About Renters Insurance, Answered

Won’t my landlord’s insurance policy cover me?

Your landlord probably does have an insurance policy, but that coverage only extends to the structure of your home or apartment itself. In the majority of cases, the tenant’s possessions are specifically excluded from rental property insurance.

What does renters insurance cover?

Most policies will reimburse you for damage to your property related to a wide variety of perils, including fire, some water damage, major weather events, and even falling airplane parts. Losses due to theft or vandalism are also covered, providing valuable peace of mind.

Is it expensive?

Many renters assume they don’t have room in their budgets for insurance, but a higher-quality policy can be surprisingly affordable. Depending on your location and your coverage needs, you might be able to get coverage for just a couple hundred dollars per year.

Should I talk to an agent or buy coverage online?

Online quote tools make shopping for insurance easy, but only a human agent can ensure you get a policy that meets your needs. Independent agents can also shop the marketplace for you, comparing options to find the best coverage available at the lowest rates possible.

Life is unpredictable and disaster can strike at any time, but the agents at Wilmoth Insurance Agency are dedicated to finding a policy that meets your needs. They’ve been serving renters throughout the Cookeville, TN, area since 1939, offering an extensive selection of high-quality products and the personalized customer service you deserve. Visit their website to learn more about renters insurance and their other personal and business policies, or call (931) 526-6181 to request a quote. For more tips and advice, like them on Facebook.