THURSDAY, FEBRUARY 23, 2023
As a renter, it’s critical to ensure that you and your possessions are protected. Your landlord probably has an insurance policy to protect the physical building you live in, but it will not cover your belongings inside. This is why it’s essential to consider investing in renters insurance. Renters insurance can help protect your belongings from loss, damage or destruction due to covered events; it can also protect you financially from liability claims.
4 Reasons to Have Renters Insurance
The following are four reasons to have renters insurance.
1. To protect your personal belongings—Renters insurance can help cover your personal belongings, such as clothes, furniture, electronics and other items, from covered losses.
2. To protect yourself from liability claims—If someone is injured at your rented home, renters insurance may help cover medical costs and legal fees associated with the incident.
3. To help cover living expenses if your home becomes uninhabitable—If your rental home is damaged and you cannot live there, your renters insurance may help pay for another place.
4. It is low cost with high benefits—Renters insurance is generally considered affordable for the peace of mind and benefits it provides.
Situations Covered by Renters Insurance
Renters insurance policies may help cover the following types of incidents:
- Theft
- Fire
- Natural disasters
- Vandalism
- Someone injured in your home
- Water damage from a leaky pipe
- Your pet injuring someone
Situations Not Covered by Renters Insurance
It’s also important to note that renters insurance won’t cover every unfortunate incident that occurs to you or your home. Situations generally not covered by renters insurance policy include the following:
- Floods
- Sinkholes
- Earthquakes
- Bedbugs or other pests
- Damage to or theft of a car
- Damage to or theft of your roommate’s possessions
Renters Insurance Quote in Barre, VT
If you are interested in learning more about renters insurance, contact The Fewer Agency. Our staff will work with you to create the perfect policy for your needs.
This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.
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It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional
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