Three Reasons You Need Renter’s Insurance

In some areas, the number of renters matches homebuyers and in other areas, renters exceed the number of people purchasing a home. Renters need personal content renters insurance to cover the loss of their personal property. Here are a few reasons why.

Disaster

The experts at Owens group state that temporary relocation expenses can be covered by renters insurance. The building itself may be covered in the event of a flood or fire by the landlord’s insurance. However, that doesn’t mean your bed, photos and electronics benefit from that protection. A catastrophe can cause untold damage, so protect your assets you’re your own insurance.

Theft

When someone breaks into your home and steals from you, it feels like a violation of your privacy. Not only that, replacing those stolen belongings falls on you without an insurance policy. The landlord often offers zero coverage for your personal possessions putting that squarely on your shoulders.

Liability

As a renter, you have certain liabilities. The landlord may sue you for a variety of things. Having insurance helps you cover the legal expenses to defend yourself against these accusations.

Personal content renters insurance ensures your items are protected against theft, disaster, and other situations. Don’t rely on your landlord to cover those things closest to you. Rest easy with a renters insurance policy.