Do you rent an apartment or home? Then, it would be best to understand how important renters insurance is. It protects your personal belongings from different risks and unexpected events. It also protects your liability if your guest or visitor gets injured at your rental home. Check out the list of the main benefits of having renters insurance:
Buying renters insurance is cheaper than getting new stuff
Some people believe they do not own enough stuff to purchase renters insurance. It is one of the most common misconceptions. Actually, yes, you do own enough. Think about your electronics, wardrobe, jewelry, furniture, kitchen items, and other things in your home. They all cost hundreds or even thousands of dollars. The good news is that they are all covered by renters’ insurance.
Renters insurance will cover legal costs in case of an accident
Let’s say you are throwing a party at your rental apartment or home. Suddenly, one of your guests trips over a rug and breaks their leg. This is where the liability part of your renter’s insurance comes in and protects you. It will cover legal costs if you are sued for an accident and all medical costs.
Renters insurance will pay for your temporary housing if necessary
Imagine that your rental home becomes uninhabitable for any reason. In this case, you will have to move to another housing or hotel and stay there for a certain amount of time. You don’t have to worry about these additional living expenses with renters insurance because your renter’s insurance will cover them.
Are you renting a home in Birmingham, AL, or any other nearby town? Are you thinking of getting renters insurance to protect your belongings and yourself? Do not hesitate to reach out to Russ Richardson Agency, a local insurance agency specializing in different types of insurance, including renters insurance. We serve clients in Birmingham, AL, and other nearby towns. Give us a call today and get protected tomorrow.
