As a renter, taking out an insurance policy is not always required by the landlord. This, however, does not mean that you shouldn’t have one. Renters insurance is fairly inexpensive and can cover you in many different scenarios. Here are three reasons to have this protection in place.

Why You Need Renters Insurance

1. To Protect Your Personal Property

When you rent a house or an apartment, your landlord carries insurance that protects the home in the event of a catastrophe. However, the policy only covers the structure – not your personal property.

Renters insurance will cover your belongings in the event they are damaged or destroyed by perils, such as a fire, storm damage, or theft, among other scenarios. Your policy even covers your belongings while you travel.

2. For Liability Reasons

If your dog got loose and bit someone, or a guest got hurt on your property, you could be liable for the associated medical bills and could even be sued. The liability portion of your renters policy pays medical bills and property damage up to a certain amount. When you have a liability policy, you are protecting yourself financially.

3. To Cover Living Expenses

What would you do if a storm damaged the roof of the place you’re renting, and you had to evacuate while repairs were being made? With a renters insurance policy, you won’t have to worry about what to do. If you need to leave your home due to a covered peril, the insurance will pay for your living expenses, such as hotels and food, until you can safely move back in.

If you’re ready to take out a renters insurance policy, contact the professionals at David R Johnson Insurance Agency Inc. Located in Beech Grove, IN, the team can help you secure coverage based on your specific needs. With over 30 years of experience, they provide service you can count on. Visit them on Facebook for more news or call (317) 782-8858 to request your free quote.