Most people know when buying a home or car, you must have an insurance policy. You wouldn’t drive a new car off of the lot without wanting it covered. You wouldn’t want to be living in your dream home without having it insured. The “what if’s” and “in case of’s” could drive you mad. Why is it that over 60 percent of adults surveyed rent an apartment or home without renters insurance? Over half of those that didn’t have renters insurance say they believe the cost is too high, followed by the idea that the landlord’s policy would cover their personal belongings. About 40 percent of people don’t think they own enough property to warrant an insurance policy. All of these thoughts are false!
The brilliance of renters insurance is that it is so inexpensive. You can obtain a policy for roughly about $185 a year! That is like ordering a pizza once a month for a year. The coverage will protect you from theft, fire, and water damage. If you need to live in a different place while your apartment is repaired, there is coverage for that as well.
Your landlord doesn’t have a policy that will cover your personal belongings! The building and surrounding structures will be insured, but he isn’t responsible for your belongings. If a pipe bursts open and ruins your laptop, it isn’t covered. If someone breaks in and steals the record collection that your favorite uncle left you, it won’t be covered. If your neighbors across the hall accidentally start a fire and your furniture has smoke damage, or even worse, your belongings will not be covered.
If you are thinking you don’t have enough property to get renters insurance, you should keep reading. Even if you only have your clothing, bedding, a couch, one table, a chair, and a futon, you still need coverage! Imagine having to replace all of those things at once. The more you think about it, I’ll bet you realize you own more than you think you do. So now, imagine having to replace all of your belongings at once, seems bothersome at best.
You have options! Bundling your car insurance with a renter’s insurance policy could save you money. Don’t put it off, obtaining a solid policy is easy and affordable. Contact your independent agent today and give yourself the peace of mind you deserve.