Why Your Excuses For Not Having Renter’s Insurance Should Be Thrown Out The Window

April 20, 2016

You may think you don’t need renter’s insurance because of the following reasons:

  • Your landlord has insurance
  • It’s another expense
  • You’re not required to have it

However, if those are the only reasons that keep you from purchasing renter’s insurance, that’s a bit absurd. You may change your mind after learning about these benefits of carrying renter’s insurance:

It’s not as costly as you think. The average policy costs between $15 and $30 a month. The average person has more than $20,000 worth of belongings that wouldn’t be covered under a landlord’s insurance policy.

Your landlord’s insurance isn’t covering all that you need. Your landlord’s insurance only covers the building, not your belongings in it.

You’re likely covered for any disaster. Renter’s insurance covers property damage for all sorts of disasters including: fire and lightning strikes, wind and smoke damage, explosions and electrical surges, snow storms, water damage, and vandalism and robbery.

You’re covered if someone hurts himself in your apartment, or if you damage someone else’s property. The insurance would pay for the claimant’s medical bills and any lawsuit up to a certain dollar amount that is specified in your policy.

You have protection away from home. Your insured items are covered even when you take them out of your apartment.

It makes sure there is always a roof over your head. If your apartment were damaged and you had to live elsewhere for a period of time, your renter’s insurance would likely pay for your hotel and meals.

It helps to protect your identity. If personal information has been stolen, your insurance provider will work with banks and credit unions to clear your name and recover your money. They may even cover your legal fees.

There are far too many benefits of having renter’s insurance, so throw your excuses out the window. Contact Knapp Tedesco Insurance today at 515-232-7060 or online at http://www.knapptedesco.com/insurance-quotes/personal-insurance/renters-insurance to receive a free quote today!