If you’re a renter, you will need to have renter’s insurance. Many Marietta property managers and landlords require you to show proof of a renter’s insurance policy before moving in. But even though they don’t, you should still get renter’s insurance for yourself. This might seem unnecessary, but the fact is that renter’s insurance is not costly to get, and, more importantly, it can provide a lot of peace of mind in case something happens to your belongings. Here are five reasons why every renter should have renter’s insurance.
- Your landlord’s insurance doesn’t cover your belongings in the event of a power outage, fire, flood, theft, or other disasters.
Your landlord’s insurance only covers the property and not your personal belongings. If there is a fire or flood in your apartment, you will be responsible for replacing anything not covered by the additional renter’s insurance policy.
- Renter’s insurance is relatively cheap and can be customized to fit your needs.
A basic renter’s insurance policy could cost less than $20 per month. As well as, if you do have pricy items like jewelry or art, you can add more coverage to guarantee they’re absolutely protected.
You can also customize your renter’s insurance policy to include liability coverage, which protects you if the damage is caused to the property because of something you or your guest may be responsible for or if someone is injured in your home and sues you. If you already have roommates, it is noteworthy that they would need their own policies since your renter’s insurance policy does not cover their belongings.
Each adult in the rental should have their own renter’s insurance policy.
- Most renter’s insurance policies cover temporary living expenses if you have to move out of your apartment due to a disaster.
If your apartment is uninhabitable due to a fire or flood, your renter’s insurance policy will likely cover the cost of a hotel room or other temporary living expenses. This can be a huge help if you don’t have the money to cover these unexpected costs.
- Renter’s insurance can help you rebuild your life if something happens to your belongings.
If you lose everything in a fire or theft, renter’s insurance can help you replace your belongings. This can be a tremendous help unless you have the cash on hand to replace everything at once.
Renter’s insurance may also help replace important documents like your passport or birth certificate if lost or destroyed. Squandering these items can set you back financially and make it difficult to replace them.
- Having renter’s insurance gives you peace of mind knowing that you’re covered in case of an emergency.
Nobody wants to think about worst-case scenarios, but the fact is that accidents and natural disasters happen. And, if something happens to your belongings, it’s nice to know that you’re covered. Renter’s insurance gives you peace of mind knowing you’re protected in an emergency.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.
