If you rent, you should have “Renter’s Insurance” Here’s why:
Your Landlord’s insurance is only there to cover then and their property…not yours. That’s why Renter’s insurance is so important! It works to cover you.
Renter’s insurance can cover things such as:
- Personal possessions – coverage for your things (clothes, furniture, electronics…that kind of stuff) up to your coverage limit.
- Personal liability – coverage if you’re ever legally responsible for an injury or property damage, like if you drop some water and a guest slips and sues.
- Medical payments – coverage for medical expenses if someone (other than a resident) gets hurt in an accident at your place.
- Additional living expenses – coverage for extra temporary living expenses if your place is damaged and becomes uninhabitable.
Renter’s insurance can also fill gaps left by your other policies, like your Auto insurance. For instance, you leave your laptop in your car and a criminal walks by and breaks the window and steals your laptop. Thankfully you have Auto insurance, right?…so you’re covered! NOPE! While the window might be covered, most Auto policies don’t cover personal items left inside. But Renter’s insurance does! In this case, your Renter’s insurance could help replace your stolen laptop.