If you are leasing property, renters insurance is a must. Unfortunately, many renters are not aware of the fact that they need to carry their own coverage if they want their property to be protected. They are under the impression that the homeowners insurance that the landlord has will cover any losses that they occur, but this is not the case.
Let us look at the importance of having renters insurance:
It Covers Losses to Personal Property
The personal property component is rather self-explanatory. It would provide a benefit that could be used to replace belongings that were lost due to a fire, an act of theft, or some other covered event. This would include things like televisions, electronic devices, artwork, musical instruments, appliances, etc.
It Provides Liability Coverage
Liability coverage would be applicable if you are responsible for damage to someone else’s property. It would also provide protection if your negligence caused conditions that led to an injury accident in the apartment or home that you are renting.
It Covers Your Belongings When You Travel
Renter’s protection covers your possessions, whether they are in your home, vehicle, or with you while you travel. Your belongings are covered from losses due to theft and other disasters wherever in the world you travel.
Everyone wants to have protection in place, but there are those that are willing to take chances because they simply do not want to put out a lot of money for renters insurance. This is understandable, but you will not have to dig deeply into your wallet if you work with our agency. We have relationships with a number of different insurers, so we can shop around to find the lowest price that is out there. Contact us if you in the Madison, IN, Columbus, IN, Seymour, IN, and North Vernon areas.