Should You Get Renters Insurance?
Renters insurance can protect your belongings in the event of unexpected damage. Your belongings are covered against loss if anything happens to your rental property while you’re living in it. Here are some reasons why people might want to get renters insurance.
What Does Renters Insurance Cover?
Renters insurance, such as from an insurance Maitland FL company, protects any property you own in your apartment, condo, or house in case of fire, hail, windstorm, vandalism, or theft. This can include furniture, electronics, computers, clothing, appliances, linens, musical instruments, and sports equipment. Some policies include liability coverage in case of an injury lawsuit, as well as coverage for costs in case you need to relocate because of a covered incident. Appliances owned by the landlord are covered by the landlord’s policy and reimbursed to the landlord.
Why Should You Get Renters Insurance?
If there is damage because of an incident such as a fire, the landlord will be covered through their insurance for the structure and their own property, but those who rent need insurance to cover their own property separately. If you have costly possessions such as gaming computers or guitars, a renters policy will compensate you in case they are damaged or stolen because of a covered risk. Most states do not require this insurance, but some landlords might require it if you rent on their property. If you have a renters policy and a personal auto policy, you should consider an umbrella insurance policy to raise the compensation limits of your coverage and add additional coverages for expensive property and auto accidents.
Renters insurance can give you peace of mind with coverage for losses caused by fire, theft, vandalism, natural disasters, or other risks. A licensed agent can help you determine if renters insurance is right for you.