The Importance of Renters Insurance

  • By Admin
  • 19 Dec, 2016
While many people are aware of how important homeowners insurance is, not everyone realizes the importance of renters insurance. This type of coverage can protect you in many ways, as the landlords insurance rarely covers what is important to you.

Theft and Damage of Belongings

Renters insurance can cover your losses in the case of theft or damage of your things. With respect to damages, this can be to your belongings or to the property and may be due to such things as natural disasters, faulty wiring or accidental damage that you caused yourself. Policies can cover the value of your belongings or the cost of replacing them which is not the same in the case of older items.

Injuries to Others

Suppose someone is visiting you, they slip, and fall or your pet attacks him or her? This could result in expensive medical bills if you do not have insurance coverage.

Loss of Use

If property damage is to the extent that you are unable to stay in your home, renters insurance can cover the cost of staying elsewhere and even your meals because you now must eat at a restaurant. You will want to check your coverage carefully in this regard, as it is limited.

With all these important reasons why having this type of coverage can be in your best interests, you will also be happy to know it is usually available at a quite reasonable rate. For more information on renters insurance, call Sanford Insurance Center at 407-323-5911.
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