You need renters insurance if you have possessions and you’re renting property. Renters insurance is an excellent way to protect your belongings and your finances. This policy pays to replace your belongings if they’re damaged, vandalized, or stolen while renting. In addition, renters insurance protects you from unexpected catastrophes like explosions, fires, electrical surges, and sewer backups. Without renters insurance, you could spend all your savings on replacing lost belongings.

Why You Need Renters Insurance?

It fills the gaps in the landlord’s insurance.
Many renters assume their landlord’s insurance will cover them, but that’s not true. Your landlord’s insurance only covers their structure, not your belonging.

It covers the cost of replacing your belongings.
Replacing your belongings after disasters is difficult, but many still underestimate our stuff. Renter’s insurance can help replace clothes, gadgets, furniture, and electronics.

Your home will be protected while you’re traveling.
Renters insurance also protects your possessions even while you’re away. So if something gets damaged in your house while on vacation, your renter’s insurance will pay to replace it.

It protects against budget-breaking lawsuits.
Renter’s insurance coverage also protects you from lawsuits. For instance, if someone gets injured on the property, the personal liability coverage of renters insurance will help cover legal fees and court rulings if you’re at fault.

It covers your living costs.
Renter’s insurance will cover the cost of lodging and feeding while you’re waiting for your apartment to be rebuilt or repaired.