Moving out of your childhood home and into a rental is a significant milestone. Acquire renters insurance as soon as possible since you’ll now be responsible for safeguard your possessions, maintaining the living spaces, and caring for guests. If you think this form of coverage isn’t needed, use this guide to understand its benefits.

Why You Need Renters Insurance

1. Protect Your Belongings

Your home contains everything you own, from furniture and electronics to sentimental trinkets. Get renters insurance to safeguard your belongings from accidental damage, theft, and harsh weather, as the company may compensate you for any losses and necessary repairs.

2. Help Cover Liabilities

Unlikely events are often covered by comprehensive insurance policies. For example, if a visitor injures themselves on your property, you may be held liable for the costs they incur during recovery. Depending on the situation, some policies will take care of these costs for you.

Additionally, if you’re at a neighbor’s place and mistakenly break one of their possessions, the policy will cover the cost of the damage to reimburse them. This coverage can also be extended to apply to your pets.

3. Satisfy Your Landlord

Some landlords require their tenants to purchase insurance. Having this form of coverage helps the landlord know that their property will be taken care of if something happens. For example, if a wall is damaged and the renter doesn’t have the funds to pay for the repair, the landlord will rest easy knowing it’ll be covered by the policy.

If you’re moving into a rental, get the coverage you need from Dunlap Agency in Fairbanks, AK. These agents have served businesses and individuals throughout the area since 1986, and they offer comprehensive renters insurance policies to people of all ages. Get more information  about their products online, or call (907) 456-5202 to request a quote.