There are many types of insurance, including homeowners, care insurance, commercial insurance, etc. Today we are going to talk about renters insurance. There are a percentage of people who think renters insurance is pointless and a waste of money. Our team of insurance experts at Ken Boldt Insurance Agency II Inc in Green, OH beg to differ.
Here is why renters insurance is important to have:
The landlord’s insurance does not cover you
Landlords are required to have their insurance for the property. Many believe that their landlord’s insurance covers them. The landlord’s insurance only covers the structure of the property in the event of a fire or other natural disaster.
Your belongings are protected
You may believe that your stuff is not worth anything, and there is no reason to have renters’ insurance for your belongings. If you look around, you might find that it would take a lot more to replace all the electronics, clothes, furniture, etc. that you have.
Additional living expenses
If something happens to the place that you are renting, your insurance can help cover the costs of hotel rooms or other places, as well as the costs of other living expenses while you are there.
Contrary to popular belief, renter insurance covers not only your belongings. It also covers you in case someone gets hurt at your home or because of something that you did outside of your home. It covers medical bills because of liability and if someone sues you.
It is sometimes required
Some landlords require you to get renters’ insurance before you even sign the lease.
It is affordable
Some people don’t have renters’ insurance because they think they can’t afford it. Renters’ insurance is cheaper than most people think.
Give Us A Call
Stop by or contact us to get a quote at Ken Boldt Insurance Agency II Inc in Green, OH.