If you rent a home, whether it’s a house or an apartment, you should have renters insurance. This affordable coverage can protect you from financial losses that might arise in a wide range of circumstances.
A renters insurance policy can pay if someone gets hurt while visiting your house. That person can be a family member, friend, delivery person, or anyone else. Renters insurance can also provide liability coverage if you or a member of your household does something that accidentally injures someone who doesn’t live with you.
Personal Property Coverage
Renters insurance can pay to repair or replace your belongings if they get damaged or destroyed by a covered peril, such as a storm or a fire. Many people assume that their landlord’s insurance policy will cover their personal belongings if the building gets damaged or destroyed, but that’s not true. Tenants need to have their own renters insurance.
Coverage for Additional Living Expenses
If the building where you live is damaged by a covered peril and uninhabitable, you’ll have to find somewhere else to stay while your home is being repaired. You might have to pay for takeout meals, transportation, and other extra expenses until you’re able to return to your house or apartment. Renters insurance can cover additional living expenses that you incur while you’re unable to live in your residence.
Coverage away from Home
People often don’t realize that renters insurance coverage applies even when they’re not at home. If your belongings get damaged or stolen while you’re traveling or while they’re in your car, your renters insurance policy can pay for you to have them repaired or replaced.
Many tenants don’t purchase renters insurance because they assume that it’s expensive. The truth is, renters insurance is surprisingly affordable. Premiums are based on several factors, including the coverage limits and deductible you select. When you think about how much it would cost to replace your belongings if your apartment building burned down or how the medical bills could add up if someone got injured at your house, you’ll realize that renters insurance is a smart investment.
Compare Quotes for Renters Insurance
Finding the right renters insurance coverage might seem daunting, but the team at Petruzelo Insurance can make it easy. We’ll discuss your needs and budget, get quotes from several leading insurers, and help you find a renters insurance policy with the coverage you need at affordable rates. Contact us today to get started.