What is renters insurance? Why do you need renters insurance? These are the same questions that go through most people’s minds when posed with this question. I was first introduced to renters insurance when, it may seem obvious, I rented my first apartment. My agent mentioned it to me during a meeting with him. I had no idea that there was such a thing as renters insurance so I asked him to explain it to me. After having been explained what renters insurance is, my opinion is that everyone who is renting needs renters insurance.
Renters insurance protects your belongings. Some people may think that the insurance that the landlord or the association’s insurance is enough, but that type of insurance only protects the building. This insurance does not include personal belongings. Thing of your family photos, clothing, electronics, anything that is in your house, you want this stuff to be protected as much as possible. This includes protection against theft, burglary, fire, water or smoke damage, or any other disasters that may occur. In the event an injury takes place in the home you rent, renters insurance will cover it. Having renters insurance will give you peace of mind about having all your belongings in your home and knowing that, if something happens, your money is not gone down the drain.
For obvious reasons, I am going to link renters insurance to home insurance. Home insurance is also known and hazard insurance or homeowners insurance. This is a type of property insurance that covers private homes. Home insurance is a policy that combines various personal insurance protections, which includes losses to the home, the personal items, loss of its contents, as well as providing liability insurance for accidents that may happen at the home. I do want to explain that occurrences such as floods are not included in home insurance but it is ideal to purchase insurance, such as flood insurance, for your home.
Both types of insurance, renters and home insurance, is extremely important to have. You may think, especially as a renter, that all your stuff is fine and even though it says the property manager or owner does not cover it you may think they will anyhow. Well, they won’t. Therefore please protect your belongings for you and your family and go to John E. Peakes Insurance for the best quote. Let our agents help protect you. Visit www.Peakesinsurance.com to find out more of what our agency can do for you!