How Having Renters Insurance Benefits You

Why it pays to have a renters policy.

When it comes to insurance, many renters think that securing a policy is a poor investment.  However, this is because they do not understand the benefits of having renters insurance coverage.  Here are some of the situations in which it pays to have a renters policy.

  • Break-In

Even if your rental is in a safe part of town and is equipped with updated safety features, this isn’t always enough to deter criminals.  Should your rental home or apartment get broken into, then your renters policy will offer coverage for the personal items that are stolen or lost.

  • Guest Injury

If a guest injures themselves while on your rental property, then there’s a good chance that you will be held liable.  Luckily, with renters insurance, you can use your personal liability coverage to pay for your guest’s medical treatment and, if necessary, your legal bills.

  • Uninhabitable Rental

Following a major natural disaster or emergency event, your rental home or apartment may be so damaged that you cannot safely live in it.  While your landlord is responsible for making the necessary repairs, it is up to you to cover your living expenses while the repairs are taking place.  If you have renters insurance, then your loss of use coverage will take care of your living expenses, including things like hotel stays, restaurant bills, laundromat transactions, and so on.

These are some of the situations where it pays to have a renters policy.  Are you interested in securing renters insurance?  If so, then contact the experts at The Reardon Agency.  We are ready to assist you with all your personal insurance needs today.

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