Renting instead of buying is a preferred way of living for many. Moving to a new location and being unsure of where you want to stay permanently. Not wanting or having the extra money for a down payment. Or simply wanting the ease of knowing you don’t have to worry about home maintenance or repairs. Those are all common reasons you may rent instead of purchasing a home. However, just because your landlord has insurance coverage, doesn’t mean that you should not purchase renters insurance.
Insurance is an important protection you need for yourself and your family. There are many myths out there when it comes to renters insurance. We’re here to discuss those myths and make sure you have all the information you need to make an informed decision.
I don’t have enough stuff to get renters insurance
Things add up fast! Your electronics, appliances, clothes and even food are all large expenses that can be protected under your policy.
My landlord’s insurance will cover the damages to my belongings
Typically, a landlord’s insurance policy only covers the physical building. Not anything that’s within the walls or that belong to a tenant.
Personal belongings are the only things covered under renters insurance
Renters insurance can also cover damages to someone’s property within your home. And, depending on the limits of your liability coverage, it can cover some or all of the medical expenses if someone happens to get injured on your property.
I can’t afford renters insurance
Renters insurance can be incredibly affordable. Although pricing can always vary, some policies can cost as little as a couple cups of coffee at your favorite cafe.
Did you know that if your home becomes uninhabitable for reasons covered in your policy, the insurance company will reimburse you for your temporary living expenses until you are able to find a new place to live? Your insurance policy is there not only to protect your belongings, but so much more.
Don’t wait until it’s too late to start thinking about renters insurance
We spend a lot of time and energy filling our living spaces with items that make it feel like home. It only takes one unexpected event to have it all stripped away. Renters insurance can give you peace of mind knowing that you and all of your belongings are covered.
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