If you rent a home, you need renter’s insurance. Many Marietta landlords and property managers require proof of renter’s insurance before you move in. However, even if they don’t, you should still get renter’s insurance for yourself.
It might seem unnecessary, but renter’s insurance is affordable and provides peace of mind in case something happens to your belongings. Getting renter’s insurance is easy. You can contact an insurance agent or go online to compare various policies. Here are five reasons why all renters 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 probably only covers the property, not your personal belongings. If there is a fire or flood in your apartment, you will be responsible for replacing items not covered by renter’s insurance.
Renter’s insurance is relatively cheap and can be customized to fit your needs.
For under $20 a month, you can obtain a basic renter’s insurance policy. If you own high-value items like jewelry or art, you can add extra coverage for their full protection. This affordability guarantees your financial security in case of unexpected events.
You can customize your renter’s insurance to include liability coverage, which protects you if the property is damaged by you or a guest, or if someone is injured and sues you. If you have roommates, they need separate policies since your renter’s insurance does not cover their belongings.
Each adult in the rental needs 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 from a fire or flood, your renter’s insurance will likely cover the cost of a hotel or temporary housing. This can be a huge help if you don’t have the money to cover these unexpected expenses.
Renter’s insurance can aid you in rebuilding your life if something happens to your belongings. If you lose everything in a fire or theft, renter’s insurance can help replace your belongings. This can be a huge help if you don’t have the money on hand to replace everything at once.
Renter’s insurance can also help you replace important documents, like your passport or birth certificate, if they are lost or destroyed. Losing these items can create financial difficulties and make them hard to replace.
Having renter’s insurance gives you peace of mind, knowing you’re covered in an emergency.
Nobody likes to think about worst-case scenarios, but accidents and natural disasters do happen. And if something happens to your belongings, it’s comforting to know you’re covered. Renter’s insurance provides peace of mind by ensuring you’re protected in an emergency.
A great manager is essential for stress-free property ownership for landlords and property owners. At Real Property Management Piedmont, we treat every property seriously and strive to exceed expectations. Contact us or call 404-480-4820 for exceptional services in Marietta and the surrounding areas.
Originally Published on June 24, 2022
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.
