Although my friend Bude had rented an apartment for more than a decade, he never thought about the need for renters insurance. He had every other type of insurance, and thought he was protected. Recently, his owner made renters insurance. At first Budaeus added certain incomes to his expenses. After speaking with an agent and finding out how low the annual premium was, and all the benefits of this type of coverage, Bud agreed. He already has a whole piece of mind. Read this informative article and find out the 5 biggest reasons why you need renters insurance.
1. Need insurance coverage in the event of an accident Damage to the structure causes
Your landlord undoubtedly has insurance that covers structural damage to their building. That coverage usually doesn’t help you though. You will likely be held financially responsible if an accident (such as a kitchen fire, flooding caused by a bathroom overflow, etc.) that damages the rental property . Renter’s insurance can pay for damage done to your room. It can also cover the causes of an accident in the living space.
2. Renters insurance can provide temporary housing
If you need to move out of your rental property so that it can be repaired as a result of an accident that has happened to you, renters insurance can help. This can provide you with the expenses you need to live in another place until you can return home.
3. Renters need insurance to protect their property
Remember that fire in your kitchen? Even if it was contained to one area of the room, the smoke has resulted in damage to other areas of your home. Do you have money in your pocket to replace a damaged personal item? If you had renters insurance at the time of the incident, everything from electronics to clothing could be covered. Renterspersonal insurance can protect your belongings against fire, theft, vandalism, lightning, and more.
4. You need protection in case a visitor is injured at your home
Maybe you don’t think about it, but family accidents happen every day. According to www.top10stop.com between 5 and 10 million Americans are injured in their homes each year. If a foreigner is injured while they are at your residence, you may be liable for damages. do you have a dog If he bites someone, you will be guilty. If you have pension insurance, it can protect against financial loss in these situations.
5. Without the Renters themselves, the Financial Future is at Risk
The last reason why you need renters insurance is that you really can’t afford it. On average, this coverage costs between $15 and $30 a month. How much it would cost you depends entirely on the coverage you want. You can get discounts for having features in your rental property such as smoke alarms, burglar alarms, fire extinguishers and alarms. lightning, hair Other discounts are available. Be sure to shop around for the best deal you can find.
Resources
|
http://www.peoples-law.org/node/504
http://www.insweb.com/renters-insurance/FAQ.html
http://www.top10stop.com/lifestyle/top-10-most-common-causes-of-home-accidents-in-the-us
