Licking, Missouri
117 South Main Street
Licking, MO 65542
573-674-3125

Why Should You Invest in Renter's Insurance? January 7, 2020

Licking, Texas County
Why Should You Invest in Renter's Insurance?, Licking, Missouri

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

renters insuranceIf 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. 

Other Announcements, Events and Deals from Texas County Mutual Insurance
3 Projects That May Impact Your Home Insurance Costs, Licking, Missouri
Home improvements let you put a unique stamp on your living space, but they can also increase or lower the risk of an accident. Some projects can lower your home insurance rates...read more
Homeowners vs Renters Insurance, Licking, Missouri
Whether you rent or own the property you live in, it's important to protect yourself and your belongings with insurance. While home insurance and renters insurance are similar, they ...read more
How Swimming Pools Affect Home Insurance, Licking, Missouri
A swimming pool on your property offers plenty of fun, relaxation, and exercise. But it is also a potential safety hazard, which means it impacts home insurance rates and covera...read more
A Guide to Farm Equipment Insurance, Licking, Missouri
These days, the agricultural industry thrives on machinery and technology just as much as the rest of the workforce. From tractors to irrigation systems, the fate of your farm lies i...read more
Why You Should Buy Renters Insurance, Licking, Missouri
While homeowners insurance is usually mandatory—mortgage lenders won’t typically extend funds until they receive proof of funds—renters insurance is entirely optional. For virtually ...read more