Renters Insurance and Why you Need it

Renters insurance covers your personal property, and covers you from liability claims while you are renting.  While your landlord might be sympathetic to a fire caused by your new flat iron; the loss or damage to your personal belongings is not usually covered by your landlord's insurance. Without renters insurance you could be on the hook for huge expenses like replacing all of your things or finding a place to stay while your home is being repaired.

Imagine having to replace all of the belongings you've acquired year over year all at once? The expense would be huge, and is unlikely to be affordable for most people. This is why we firmly believe that renters insurance is a necessity for anyone that rents; whether or not your landlord or apartment complex requires it.

Here are some other top reasons to get renters insurance:

• If a guest is injured while visiting you, renters can help pay for their injuries.

• If that guest is mad that they were injured, they can sue you. Renters insurance can help with your legal bills.

• If you need a place to stay after a covered loss, renters insurance can help provide a hotel or food.

• Renters insurance covers your stuff regardless of where it is located. This means if your laptop is stolen out of your car, it's covered. It's even covered if it's stolen while you're traveling around the world, and taking great Instagram selfies.

The bottom line is that renters insurance is a great option for those who would not be able to replace all of their belongings at once, and, who don't want to take the risk of footing the bill for legal fees should someone get seriously injured while visiting.

Until Next Time - Nicole