Everyone knows that feeling of finally finding the perfect apartment. It has everything you need and want, plus it’s in a great location. You can’t wait to move in and make it your own. But even as you sign the lease, one more important thing to do is get renters insurance. Here are five good reasons why you should do so.
1. It’s Relatively Inexpensive
It’s easy to see renters insurance as an unnecessary expense, but the truth is that it’s relatively inexpensive. You can never compare the cost of your belongings to the price of a policy.
2. It Covers Your Belongings
Your landlord’s insurance covers the building itself but not your possessions. If there’s a fire or break-in, you could lose everything – and be left with no way to replace it. Renters insurance covers your belongings, so you can replace them if they’re damaged or stolen.
3. It Protects You from Liability
If someone is injured while on your property, they could sue you. Renters’ insurance includes liability coverage, which protects you in case you’re sued for damages. This ensures you won’t have to pay out of pocket if someone is injured on your property.
4. It Covers Additional Living Expenses
If your apartment is damaged and you need to find a new place to live, renters insurance can help cover the cost of additional living expenses. This includes things like hotel bills and restaurant meals.
4. It Covers Extra Expenses
If you have to move out of your apartment because of damage from a fire or severe weather, your renter’s insurance will cover the cost of temporary housing. This coverage can also help pay for things like food and other necessary expenses.
5. Some Landlords Require It
While not all landlords require renters insurance, some do. If your landlord asks you to get coverage, it’s a good idea to comply. Not only will this give you peace of mind, but it could also help you avoid potential legal problems later on.
Getting renters insurance is an intelligent way to protect yourself and your belongings. It’s relatively inexpensive and can save you a lot of money in the long run. Will Wright Agency Inc. offers renters insurance in Decatur, AL. Contact us today to learn more about our policies and how we can help you protect your home.