When you are renting a house or an apartment, you might think that the landlord’s insurance coverage will take care of any loss that you suffer while renting. This is not the case. This is a major reason why a renter needs the protection of renters insurance. A renters policy provides coverage for your personal property in a variety of different circumstances. Anyone who rents a home, apartment or a room needs a renters policy.
A renters policy provides several different types of coverage benefits. One of the major benefits is that your personal property is covered in case you suffer a loss due to theft, vandalism, storms and fires. For example, you may have a fire that starts in the kitchen. This fire may cause damage to the property you have in your apartment. A renters policy provides protection in this type of occurrence.
The personal property protection that is part of a renters policy also extends to your personal property when it is outside of the residence. For instance, if your computer, phone or other valuable items are stolen out of your vehicle, it is a renters policy that provides the coverage for these important items.
A renters policy also provides you with temporary living expense assistance. If a loss should render your home uninhabitable, your renters coverage would provide coverage for a place to live until you found a place to rent or your damaged rental dwelling was restored to a habitable condition.
Another added benefit of renters insurance is the coverage it provides for personal liability. If someone came into your apartment and was injured, the personal liability coverage under your renters policy would provide coverage to pay for medical bills.
As you can see, a renters policy gives you the protection that you need. It provides protection against a variety of hazards, and it gives you the piece of mind that comes with knowing that you are covered should an unfortunate event arise.