Hi all, I’m Mackenzie for Wilber Price Insurance Group. Today, I’m answering a question we get a lot, “Do I need renter’s insurance?” Many people assume they are covered by their landlord’s policy, but that’s wrong. You need your own policy on your personal belongings to be covered. A lot of other people also undervalue their belongings thinking they don’t have enough to insure, but your clothes and your electronics alone would probably add up to thousands of dollars. But one of the main reasons that’s overlooked is liability. If someone is injured in your house, they can sue you. So, even if you thought you did not need renter’s insurance, here’s six reasons why you should get renter’s insurance.
Number one, it’s affordable. The average policy costs $187 a year. Number two, it covers losses to personal belongings. This could include furniture, clothes, jewelry or electronics. In essence, anything you own under your roof, you are renting, having protected against theft, vandalism, fire, lightning, and many other perils.
Number three, your landlord might require it. In fact, their insurance company might require them to have all their tenants have a policy. This helps take some of the risks off of them. Number four, it provides liability coverage. This provides protection if someone is injured while in your house, or if you accidentally injure someone. Number five, it covers your belongings when you travel, it covers your personal belongings, whether they’re in your home, your car, or with you when you travel. And number six, it may cover additional living expense. If you’re home becomes unlivable due to a covered loss, this helps cover the additional living expense or a cost to living somewhere else.
If you need help in purchasing this important protection, please give us a call at +1 800-797-2016. We will be happy to assist you in a no-obligation quote.
Call Wilber-Price Insurance Group in Loveland OH at (513) 239-8610