Renters insurance is a form of insurance few renters have, but almost all renters need. Many people aren’t even aware that they need a renters insurance policy, while some simply feel as though it’s an unnecessary expense. The reality is renters insurance covers a wide range of potential expenses and can be instrumental in keeping you and your property protected.
Here are just some of the ways renters insurance will benefit you.
1. Renters Insurance Protects at a Low Cost
Renters insurance is one of the least expensive types of insurance and most renters insurance policies can be established for less than a dollar a day. For the amount of coverage renters insurance offers, this is extremely affordable.
2. Renters Insurance Protects Your Possessions
Many renters falsely believe their possessions are protected from damage by their landlord’s homeowners insurance policy. This is almost never true. In the event that a fire, flood or theft occurs, the landlord’s property will be covered but the renter’s will not. Without the appropriate insurance policy, the renter will need to replace all of the items damaged or lost on their own.
3. Renters Insurance Protects You against Liability
Renters insurance also offers you basic liability protection. This is especially important if you have dogs or if you have frequent visitors such as maids or nannies. Liability protection will protect you in the event that someone is injured inside your home. Injuries, especially those that require medical attention, can be extremely costly.
4. Renters Insurance Protects You When Traveling
One little known feature of renters insurance is that it can protect your possessions even when you travel. If you lose your laptop or another expensive item while you are somewhere else, your renters insurance may be able to cover the expense. This is also true if the item was stolen, such as from a hotel room you were staying at.
5. Renters Insurance Protects College Students
College students living in dormitories often assume their possessions are protected, but they usually are not. A college student living in a dorm is still required to have renters insurance if they want to protect their property from damage or theft.
Renters insurance is an extremely inexpensive way to protect yourself and your possessions from the possibility of future financial harm. Curious how much renters insurance will cost in Nashville, Tennessee? Take a look at How Much is Renters Insurance in Nashville, TN.
Ready to sign up for renters insurance? Get a free quote online for renters insurance or give us a call at 615.356.4800 to discuss your options.