Three Reasons Renters Insurance is Important

Three Reasons Renters Insurance is Important

More often these days, landlords are requiring their tenants to get renters insurance. You might think this is trivial requirement but it is important to understand this policy can help protect you and your valuables. Best part is the cost is usually less than .50 cents per day. A small price to pay to prevent a huge headache in the future. Here are three important reasons to consider renters insurance.

  1. It protects your belongings. The coverage extends at home and away from home and helps cover what you have worked so hard to get. Is it important to you to be able to replace items like your smart phone, tablet or iPad, TV, furniture, sporting goods and clothing? You will be surprised if you take the time to add up the cost to replace your items it will be a lot more than you think.
  2. There can be liability protection if someone gets injured or hurt on your premises. These types of lawsuit can be costly. This can be an important coverage if you are a dog owner.
  3. There can be coverage for additional living expenses in case your dwelling becomes damaged and you have no place to live.

Avoid the common mistake of thinking your landlord’s policy will protect you and your belongings. Contact your local insurance agent today to discuss the benefits of having renters insurance and how it can protect your financial future.

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