Most people have a vague understanding that renters insurance is similar to homeowners insurance, with specific differences tailored to people who rent their home or apartment. But since the rental property itself is the responsibility of the owner, many renters don’t see why they should invest in a policy. It’s one of the most cost-effective yet least-understood types of insurance in the industry, so to remedy that, here are several ways renters insurance can save the day.

5 Protections Offered by Renters Insurance

1. Fire & Smoke Damage

If a fire breaks out in your home or apartment due to a toppled candle or grease spilled on the stove, your belongings could suffer considerable damage from the fire itself or the resulting smoke, water, and extinguisher fluid required to put it out. A renters insurance policy pays for this type of personal property loss.

2. Storm Damage

If a storm blows in off the Gulf and topples a tree through your roof or window, your landlord is almost certainly protected. Unfortunately, his homeowners insurance policy likely does not cover any water or storm damage to your belongings. You need your own coverage to guard against storms.

3. Injured Visitors

If a visitor accidentally trips and falls while visiting your residence, you could be held liable if the accident was due to your negligence. Liability coverage pays for medical treatment and any legal fees. Moreover, medical payment coverage pays for treatment, regardless of who is at fault.

4. Dog Bites

Even friendly pups can have a bad moment. If your dog bites a passerby or another dog, your policy will pay the doctor or veterinarian bills to get the wound treated. This coverage extends to you even if you’re away from home, whether out for a walk or on a doggie play date.

5. Stolen Goods

If your home is burglarized and belongings are stolen, you can count on renters insurance to make up the losses to the limit of your policy. In fact, it even covers you while you’re traveling, so you're covered if a laptop is stolen from your hotel room while on the road for business or pleasure.

To discuss your renters insurance needs with a consummate professional, contact Southern Insurance AL, LLC, a respected insurance company in Foley, AL, and speak to one of their agents. They have been serving clients in and around Baldwin County for nearly 30 years, and they also specialize in RV, boat, motorcycle, and auto insurance. Visit their website to see a map and business hours or call (251) 943-3340 to request a quote.