Many people who rent a house or an apartment expect their landlord's homeowners insurance policy to cover their losses if something were to happen to their dwelling. However, a landlord’s policy typically covers only the structure of the building and any on-site equipment—mowers, edgers, and ladders, for example—used to maintain the property. To protect your possessions, you need to purchase a renters insurance policy. Here are some of the top reasons to do so.

3 Reasons You Need Renters Insurance

1. Protect Your Belongings

Renters insurance pays to repair or replace your personal property should it be lost or damaged in a fire or storm or from vandalism or theft. However, damage caused by flooding—water moving across the ground as opposed to falling from the sky—is usually excluded. You'll likely need a separate policy for flood insurance. Renters insurance also covers belongings kept in storage units as well as losses that occur while you're traveling.

2. Guard Against Liability

Like homeowners insurance, renters insurance includes personal liability protections. Liability pays for medical care if you or a covered member of your household accidentally injures someone, and for damages to their property. It also pays for any legal bills, including lawyer’s fees, court costs, and judgment awards, that may arise from a personal injury lawsuit.

3. Cover Additional Living Expenses

If your apartment unit becomes uninhabitable, you’ll likely have additional living expenses for hotel stays, restaurant meals, laundry services, and personal care needs. If you have a renters insurance policy, you’ll be protected from the burden of having to cover these expenses out of pocket.

To have an experienced agent help you choose a renters insurance policy, contact Farmers Insurance Group in Mountain Grove, MO. We’ve been a respected insurance provider for 15 years. In addition to renters and homeowners insurance, we also specialize in Medicare Advantage plans, life, health, business, motorcycle, and auto insurance. Visit our Facebook page to learn more about our agency, or call (417) 926-7900 to request a renters or homeowners insurance quote.