Tenants sometimes believe that a landlord’s insurance on their property will cover their belongings if a disaster occurs inside the home. However, this isn’t usually the case, and if you fail to purchase renter’s insurance, then you are left vulnerable in the event of an accident. This type of policy provides a valuable umbrella of coverage that can protect your possessions, give you peace of mind, and preserve your financial future.

3 Reasons to Purchase Renter’s Insurance

1. Replacing Your Personal Belongings

If the unexpected occurs, such as a fire or severe storm, and you lose everything you own, replacing those possessions can cost thousands of dollars. Renter’s insurance will cover the cost of replacing or repairing anything destroyed in a covered event, from bedding and furniture to expensive electronics.

2. Protection From Liability Claims

If someone is injured in your rental home, your dog bites a neighbor, or one of your children accidentally throws a ball through the window, the liability coverage in a renter’s insurance policy will cover the damages. In severe situations, this coverage can protect you from expensive lawsuits that could wipe out your savings and garnish your future wages.

3. Alternative Living Arrangements After a Disaster

A landlord’s dwelling insurance policy covers the building itself in the event of structural damage, so you may be able to move back in after repairs are made. However, you will need to find temporary living space for you and your family while these repairs are occurring. The standard renter’s insurance policy includes coverage for alternative living arrangements that will pay for a hotel or furnished apartment until your home has been repaired or rebuilt.

For 115 years, Texas County Mutual Insurance has helped Missouri renters protect themselves from the unexpected with insurance products carefully tailored to their needs. As a mutual company, they’re owned entirely by their policyholders, so you can be sure they’ll always act with your best interests in mind. Visit their website for an overview of their broad range of services, and call (573) 674-3125 today for your free renter’s insurance quote.