More of us are renting our homes or apartments, rather than settling on
a mortgage. It is not surprising, especially with the mortgage and employment
crisis of 2008, the effects of which still linger on today. The dream
of owning a home has become a rather lofty goal, and thus, we see more
and more renters nowadays.
Now, choosing to rent versus buying a home is a very personal choice, and
one is not greater than the other. It is the place where you lay your
head down and night and keep your valuables and personal possessions.
Renter’s insurance will cover these assets in case they become lost
or damaged due to a disaster beyond your control.
What Does Renter’s Insurance Cover?
Essentially renter’s insurance operates the same way as homeowners’
insurance, the only difference being it is geared more towards a renter’s
needs. Sadly, many renters choose not to purchase it because they feel
they do not need it. Some also assume that landlord insurance will help
to cover the costs and then there are others who do not even realize that
it is available to them.
These are some of the top reasons why you should have renter’s insurance:
- It provides coverage for any property lost.
- It offers liability coverage for anyone injured on the property.
- It covers any lost, stolen, or damaged belongings while you are gone or
- It can provide living expenses if your home becomes uninhabitable.
- It will cover damage to due to natural disasters, explosions, and crashes.
Finally, renters’ insurance is actually much more affordable than
you think—certainly much less than homeowners’ insurance,
some costing less than a dollar a day. At Insurance Specialists, Inc.,
we can help you determine a policy or plan that is right for you. Because
so many factors are unpredictable and well out of your control, it may
prove to be one of the wisest decisions you could make.
Contact Insurance Specialists, Inc. today to learn about your various insurance options!