4 Reasons Why It’s a Great Idea To Get a Renters Insurance Policy When You Are Renting Your HomeInsured by Carver
4 Reasons Why It’s a Great Idea To Get a Renters Insurance Policy When You Are Renting Your Home
When renting a property it is easy to overlook the importance of having renters insurance. After all, your landlord should have insurance on the property, so why exactly would you need it as well? Because a landlord’s insurance does not cover any of the personal belongings of the tenant, which is only covered through a renters insurance policy!
Let’s take a closer look at 4 reasons why it is a great idea to get a renters insurance policy when you are renting your home:
1. It Covers all Your Possessions
A landlord’s insurance covers any structural damage that might happen in the property, such as damage from a fire or flooding. However, this only covers the building itself and not its contents, so you could lose all your belongings without renters insurance!
For example, if there was a fire in the building and it reached your apartment, your renters insurance would cover the costs of repairs and replacing things lost in the fire. Without this, you would need to foot the entire bill yourself!
2. Liability Coverage
While you hopefully never need to use it, liability coverage is one of the main reasons you should consider getting renters insurance. Basically, if anyone visiting your home were to be injured you could be liable and forced to pay out of pocket for the incident.
With a renters insurance policy, you receive liability coverage that protects you from these situations. Again, nobody wants to assume that a friend or relative would try to sue them but it could certainly happen and cost a fortune to deal with – so avoid the risk by getting renters insurance!
This also covers bites from pets, so pet owners should take note of this too!
3. Covers for Loss of Use
Nobody wants to lose their home due to damage from something like a fire or flood yet it remains a real possibility for many renters. Without a renters insurance policy, you may find yourself without any lodging should you lose the use of the property, being forced to pay for your new accommodations while waiting for repairs.
So, by taking out this policy you ensure that you are covered should the worst happen and your home is extensively damaged. In this case, your insurance covers the cost accommodations and food while you can’t use your home.
4. Helps Pay for Things You Damage
Sometimes accidents happen and you end up damaging something in your rented home. It could be a carpet that was damaged from a sink overflowing or hitting the wall while moving large objects and damaging the drywall. Regardless, if you unintentionally damage something you are still liable to pay for repairs or replacements.
With renters insurance, the policy can cover you for things you have damaged, covering some or all of the costs of repairs or replacements. This can be a huge relief when you’ve accidentally damaged the property and are worried you can’t cover the cost of repairs.
Carver Insurance Services, Inc. is a local insurance agency that has been serving residents and small businesses in Murrieta, Temecula, and surrounding areas since 2004. Started by Diana Carver; a second generation insurance broker with over 25 years experience, when after working for several insurance brokerages, Diana felt the need for a brokerage that was efficient and progressive, while still keeping that “hometown” feeling.
Carver Insurance Services, Inc.’s goal is to help you determine what insurance needs you have, meet those needs, and then help you prepare to meet future goals. The Carver Insurance Services, Inc. Family and its agents would love for you to stop by one of their two convenient locations for a free insurance quote or just to say, “Hello!”
For more information, give Carver Insurance Services, Inc. a call today to talk to a friendly, helpful agent.
Carver Insurance Services, Inc.-Temecula
33321 Temecula Parkway suite #102, Temecula, 92592