While just about everyone dreams of owning their own home someday, many people cannot afford to buy a home just yet and have to content themselves with renting for the time being. If you are renting your house or apartment, we at Mr. Auto Insurance encourage you to invest in renters insurance. In this article, we will go over a few reasons why every tenant needs renters insurance.
- To Protect Your Property- Your landlord has insurance that covers damage to the building itself, but that policy will not cover your personal property, such as your furniture or other belongings. To protect the things inside a rented apartment or house, you need renters insurance. Our team can help you find a policy that provides the robust coverage you need for a price you can afford.
- To Get Liability Coverage- Another reason you need renters insurance is to get liability coverage. For those unfamiliar with the term, liability insurance coverage provides protection in the event that someone becomes injured while on your property or in the event that you accidentally cause an injury to someone else. Essentially, if someone gets hurt and decides to sue you over it, the liability coverage provided by your renters insurance will cover your legal fees and damages (up to the policy limit, of course).
- To Protect Your Stuff While You Travel- Renters insurance provides protection for your belongings, even when they are not in your rented dwelling. For example, if your laptop gets stolen out of your car, your renters insurance will cover that loss. Similarly, if you are traveling and the possessions you have with you get stolen or damaged during the trip, your policy should cover that as well.