SATURDAY, JANUARY 2, 2016
If you're renting an apartment or home, you'll need an insurance policy to cover your belongings. These are 5 reasons why you should get Renters' Insurance:
The average renter's insurance policy costs $187 a year. Your actual cost will depend on factors, including how much coverage you need, the type of coverage you choose, the amount of your deductible and where you live.
2.It covers losses to personal property.
A renter’s insurance policy protects against losses to your personal property, including clothes, jewelry, luggage, computers, furniture, and electronics. Even if you don't own much, it can quickly add up to a lot more than you realize – and a lot more than you'd want to pay to replace everything.
3. Your landlord might require it.
Your landlord's insurance covers the structure itself and the grounds, but not your belongings. A growing number of landlords require tenants to purchase their own renter's insurance policies, and they'll expect to see proof. This could be the landlord's idea, or it could be an "order" from the landlord's insurance company – the idea being that if the tenants are covered themselves, some responsibility can be shifted away from the landlord.
4. It provides liability coverage.
Liability coverage is also included in standard renter’s insurance policies. This provides protection if someone is injured while in your home or if you (or another covered person) accidently injure someone. It pays any court judgments as well as legal expenses, up to the policy limit.
5. It may cover additional living expenses.
If your home becomes uninhabitable due to one of the covered perils, your renter's insurance policy may cover “additional living expenses,” including the cost associated with living somewhere else temporarily, food and more.
A-Best Insurance can assist in finding or obtaining coverage. Call us today at 713-681-1967.