You might believe your landlord’s insurance covers your belongings in the event of a fire, theft, or natural disaster, but most likely, it doesn’t. Even if it did, their policy would only cover the structure itself – not your possessions inside. So, what’s a renter to do? Get renters insurance!
Daniel Fabulic Insurance Agency gives you a few concrete reasons to buy renters insurance:
1) It’s Affordable
Renters insurance is an affordable coverage policy that does not break the bank. In fact, for about $180 per year (The average figure according to the National Association of Insurance Commissioners), renters can have coverage for a considerable chunk of their personal property. The cost usually varies according to the type of coverage and the deductible of the area you live in.
2) It Covers Your Stuff
Your landlord’s real-estate insurance policy does not cover your personal belongings. If something happens to them – whether it’s a fire, theft, or natural disaster – you’re out of luck. But with renters’ insurance, your possessions are covered up to the limits of your policy.
3) Many Landlords Ask for It
Landlord’s insurance covers the ground and structure, but not your belongings. If you reside in an area with a high risk of natural disasters, your landlord may ask for renters insurance as a lease condition.
Sometimes the landlord’s insurance company may require all tenants to file for renters’ insurance. In this case, your landlord may offer assistance in filing your claim.
4) Assists in Staying on Top of Your Finances
An unexpected accident or event can quickly eat into your financial savings, especially if you don’t have renters’ insurance.
Renters insurance can help you stay on top of your finances by providing you with a safety net in case of an emergency. This means that you won’t have to put your expenses on a credit card or take out a loan to cover costs.
Some renter’s insurance policies also include liability coverage. This means that if someone is injured on your property, the policy will cover their medical costs.
5) You Can Customize Your Coverage
One great thing about renters’ insurance is that it’s customizable. You can choose the amount of coverage you need and the type of coverage that best suits your needs.
For example, you may want additional coverage for expensive watches or jewelry. Or, if you live in a high-crime area, you may want to purchase coverage that includes theft protection.
If you don’t have renter’s insurance, now is the time to get it. The process is quick, easy and the outcome saves you a lot of money in the long run. Don’t wait until something happens to regret not having insurance coverage. At Daniel Fabulic Insurance Agency, we ensure your possessions are safe from all external threats. Get free renters quotes in Louisville, KY, today.