Fit Renter’s Insurance to Your Needs to Reap These Benefits

In today’s society, it’s common for renters to overlook the importance of renter’s insurance. Many don’t have coverage because they either don’t know what it is and why the need it or because they think they can’t afford it. Renter’s insurance is just as necessary as homeowners insurance, even though you don’t have a lender forcing you to get it. To help you learn why this coverage is necessary, take a look at these top benefits.

  • It protects your belongings

Many renters are under the mistaken assumption that a landlord’s insurance policy will protect them in case of a flood or fire. In reality, your landlord’s insurance policy only covers their property and possessions – meaning that all of your belongings are left vulnerable. Renter’s insurance covers your belongings if they are damaged or lost by a listed peril.

  •  It covers your liability

Renter’s insurance provides coverage in case of an incident of unintentional bodily injury to others. For example, if a friend visits you but they get injured or their property gets damaged, they could hold you responsible. With renter’s insurance, you would have help covering the cost of medical expenses and loss of wages due to an injury.

  • It  covers living expenses during repairs

Say your apartment is so badly damaged from a fire or natural disaster that you need to move out temporarily while it is being repaired. Renter’s insurance can help you cover these additional living expenses while away from your home. It helps to pay for hotel rooms, restaurant costs, laundry expenses, and more.

Ready to find the right renter’s insurance for your needs? Contact Kneller Agency to get started!

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