Renter’s insurance is a common requirement for rental units. However, many tenants are unaware of the benefits that this highly-affordable coverage provides. If you’re getting ready to move out on your own, you’ll want to speak with an insurance company about your needs and make sure to choose a policy that’s suitable for your situation. Here are a few reasons why it’s important to get renter’s insurance. 

Why Should You Get Renter’s Insurance? 

1. Peace of Mind

Homeowners get comprehensive insurance to protect their building in the event of a disaster. However, this coverage doesn’t extend to your personal property, which is why many landlords require renter’s coverage. This insurance protects your personal belongings, such as furniture, equipment, jewelry, electronics, and clothing. Even if you don’t have many belongings, each item has value, and protecting your things is a smart move once you’re living on your own. 

2. Emergency Preparedness

It’s unpleasant to think about negative events, but being ready for emergencies is critical since life can be unpredictable. Investing in renter’s insurance is like building a food supply or writing down an evacuation plan – it helps prepare you for challenging events. Consult with your insurance company to see exactly what’s included in your plan, but most plans provide coverage for a variety of events, including natural disasters, explosions, fire, vandalism, civil unrest, and inclement weather. If there’s something specific you want in your plan, you can ask the insurance company if it’s possible to add extra provisions. 

3. In-Transit Protection 

In most cases, renter’s insurance attaches to your belongings and isn’t restricted to the items inside of the rental property. This means that your belongings are protected while they’re in your car or if they’re in an off-site storage spot. It’s always wise to double-check with your insurance agent to understand the specifics of your policy, but this extra protection is helpful for when you’re on the move. 

If you need help getting renter’s insurance, turn to Somers Agency in Lorain County, OH. They’ve helped locals secure home, life, auto, and business insurance since 1898. Their friendly staff can assist with all of your insurance needs. Speak to an agent at (440) 324-3447 or view their products online.