I'm only renting, do I need insurance? The simple answer is YES. Why? There are a number of very good reasons to purchase a tenant's insurance policy.
The Importance of Tenants Insurance
The most compelling reason is to insure your personal property in the event of a loss. What would you do if there was a fire and you lost all of your personal belongings? Most people do not realize the value of their personal belongings such as electronics, furniture, and even clothing. They underestimate what it would take to replace these items. A tenant's policy would enable you to replace most of your belongings quickly and to move on with your life.
Who Needs Tenants Insurance
If you are a renter, you are not covered under your landlord's insurance. You need tenants insurance to protect your belongings from damage or even theft.
Tenants Insurance Coverage
A typical tenants insurance policy will include coverage for:
Tenants Insurance Options
Personal liability is perhaps the most overlooked coverage contained in a tenant's insurance policy. This coverage provides world-wide personal liability coverage, usually for $2 million. What would you do if your actions caused injury to a person or property and you were sued? Could you pay for a lawyer to defend you? If you had tenant's insurance, you would have coverage.
A tenant's policy also extends coverage for Additional Living Expenses. If you had to move out of your apartment on short notice due to an insured loss, you will incur additional expenses like an unexpected hotel stay. Your tenant insurance policy can provide coverage for that.
Do you own a personal use automobile? Did you know that most companies offer a multi-line discount that applies to the car insurance as well as the tenant insurance? In some cases, the discount almost pays for the tenant insurance policy!
Don't be left without coverage, exposing your possessions to possible damage. What are you waiting for? Call us today!