What Every Renter Should Know about Renters Insurance

Renters insurance in Myrtle Beach, SC, may seem unnecessary if you live in a tiny apartment and don’t have much stuff. However, renters insurance from Benefit Insurance Services can provide you with important benefits and coverage you may not even know about.

Renters coverage can protect your belongings, even those outside the home. If your bike is stolen from outside or if your laptop is stolen from your car, your renter’s insurance will help pay.

If you are forced to relocate, you may be compensated as well. Many policies will provide coverage for additional living expenses if you have to find somewhere else to live, due to certain covered incidents. Coverage is typically limited based on the total amount for how much your personal property is insured.

If you think you don’t have enough valuable possessions to make renters insurance worth it, do a home inventory to determine how much coverage you need. Once you calculate how much it would cost to replace your possessions, you may think of renters insurance differently. Having a catalog of your belongings can help in the event of an emergency.

You can also get additional coverage for valuables. If you have one expensive thing in your home, such as an engagement ring or an expensive digital camera, then you add coverage to protect those items specifically.

Renters insurance not only protects your belongings, but it can also help protect you. If you have a guest that gets injured in your home and you are found to be liable, then your renter’s insurance can help pay for some of the medical bills so you aren’t stuck paying the whole thing. This also extends to injuries involving your pets, if the breed is covered under your policy. If you have kids that are accident-prone, you may also get some coverage if your kids throw a baseball through a neighbors window or your bathtub leaks into a downstairs unit.

Contact an agent at Benefit Insurance Services, serving Myrtle Beach, SC, to get a quote on renters insurance.