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One benefit of renting your home is knowing that you won’t be responsible for repairs if the building is damaged by a fire, hurricane, or other natural disaster. But, what about your belongings? Without a good renter’s insurance policy, you could be left paying to repair or replace everything you own out of your own pocket after a disaster. Here are some of the reasons every renter should carry an insurance policy.

3 Reasons Renter’s Insurance Is So Important

1. Your Landlord’s Policy Doesn’t Protect You

renters insuranceYour landlord likely has insurance coverage for the building, but that protection doesn’t extend to your personal belongings. If a covered event tears off part of the roof and rain ruins your furniture and electronics, their policy will only pay for repairs. Renter’s insurance is the only way to protect your assets from the unexpected.

2. You Probably Own More Than You Think

How much would it cost to replace everything you own, including your furniture, clothes, kitchen utensils, and computers? For most people, the damage from even a minor fire could total several thousand dollars, which you may not be able to afford on short notice. Renter’s insurance allows you to choose a policy limit you’re comfortable with and purchase amendments to cover especially valuable items.

3. Renter’s Insurance Includes Liability Coverage

If someone trips or falls on a cluttered staircase in your home or your dog bites a neighborhood child, you could be responsible for their losses. Like homeowner’s insurance, the standard renter’s policy includes liability coverage, which shields you from lawsuits and pays for your legal fees if you need to defend yourself.
 

Renter’s insurance is an extremely valuable investment, and the agents at BestRate Auto Insurance in Statesboro, GA, have the expertise to help you select a policy tailored to your needs. With a wide network of providers and dedication to their customers, no one will take care of you like they will. Follow the agency on Facebook for more insurance tips and advice, and call (912) 489-5942 or visit them online to request your free renter’s insurance quote.

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