If you rent your home, you should really consider obtaining a renters insurance policy. It is one of the most affordable insurance policies on the market yet it provides you with plenty of coverage along with the peace of mind and a sense of security.
Many times, people think that their landlord’s insurance policy will cover not only the house, apartment, condo, or mobile home they are renting but also their personal possessions but that is simply not true. Your landlord’s policy only covers the dwelling and outbuildings on the property, not your furniture, clothing, appliances, and other items that belong to you.
While renter’s insurance is not normally required by law, you really should consider it and some landlords will require it as part of your rental or lease agreement.
What Does Renters Insurance Cover?
Renters insurance will protect your personal possessions from loss, damage, or theft and can protect you when it comes to claims of liability by others too. For example, if your friend is visiting you and is injured because a chair they were sitting in breaks and they fall, your landlord’s insurance will not cover their medical expenses, time off work, and other expenses but if you have a renter’s insurance policy, that coverage will pay those bills and prevent you from being forced to do so.
Another example of when renter’s insurance will come in handy is if the house or apartment you are renting catches on fire and your furniture, clothing, and appliances are destroyed. While the dwelling itself will be covered under your landlord’s insurance policy, your items will only be replaced if you have renter’s insurance or have the cash to purchase them yourself.
How To Obtain a Policy
You can enlist the assistance of a trusted insurance agent to create a renters insurance policy that is tailored to your needs. The agents at Benefit Insurance Services in Myrtle Beach, SC are prepared to help you create the renter’s insurance policy to give you and your belongings the coverage you deserve. Call for an appointment today!