Why aren’t more renters covered with insurance? One reason is that many believe their landlord’s insurance will protect them. Another explanation is that individuals underestimate the value of their possessions. Here are four compelling reasons why you should buy a renter’s insurance policy:
The average renter’s insurance policy costs $180 per year, but your overall expenditure will be determined by a number of aspects. Some factors that influence your cost include the amount of coverage you require, the form of coverage you choose, and where you reside.
It Provides Liability Coverage
Most rental insurance policies include liability coverage, in addition to basic coverage. This protects you if someone is injured in your home or you (or another covered individual) harm someone by accident. It covers any court judgments and legal fees up to the policy limit.
It Covers Your Belongings When You Travel
Renters insurance covers your personal belongings whether they’re in your house, car, or with you while traveling. Your property is protected against theft and a variety of other risks when you travel anywhere throughout the world.
Your Landlord Might Require It
Your landlord’s insurance only covers the premises and surrounding structures, not your belongings. A growing number of landlords nowadays demand that tenants have their own renter’s insurance.
Are you ready to move into a new apartment? At Windsor Woods, we have the best accommodations in a fantastic neighborhood. Contact us today to learn more about the apartments we have available!