When you move into a rental home or apartment, you’ll likely need to set up a variety of services—such as electric, gas, cable, and Internet service. But one service that consumers often forget about is renters insurance. Though similar to a homeowners policy, these plans are designed to cover risks that are unique to those leasing properties—all for an affordable price. To shed more light on this essential coverage, here are five ways that renters insurance can protect you.

5 Benefits of Renters Insurance

1. Pays for Property Damage That You Caused

Whoever owns the building you rent will have some form of property insurance to cover damages that they may be liable for—such as those caused by accidental fire or storms. However, their policy may not cover damages that you or a guest causes—such as broken windows or holes in the wall. In many cases, you won’t have to pay for these damages out of pocket.

2. Shields You From Lawsuits

If a guest is injured in the property you rent, they may technically be able to sue you for medical damages. Renters insurance protects against these incidents by covering medical damages and associated legal fees up to a specific amount.

3. Replaces Belongings

Whether due to theft or a broken pipe, personal property damage isn’t the responsibility of your landlord. If you don’t want to pay to replace damaged or stolen items, such as a smart TV or a laptop, you can list them on your insurance policy.

4. Protects You During Travel

In addition to covering belongings that are kept at home, renters insurance will cover personal property while you’re traveling. For example, if your car is broken into during a holiday road trip, you may be able to receive compensation for items that were stolen from the vehicle. The same applies to hotel rooms.

5. Covers You in Emergencies

If a fire or other covered event makes your home unsafe to live in, a renters policy will make sure you’re not left to your own devices. Coverage typically includes emergency living expenses. For instance, you can receive funds to pay for a hotel until your rental is fixed as well as clothing and other essentials you may be without.

When you want peace of mind as a renter, look no further than Wilson Insurance Agency. Providing comprehensive protection for the Dalton, GA, community, this friendly agency will design a renters insurance policy that covers your specific needs for a low premium. If you’re looking to save, this local insurance agency can also bundle your plan with other policies, such as auto insurance, for a discount. To learn more about their solutions, visit the team online. Call (706) 278-0549 for a free quote today.