Trying to figure out if you need Renters Insurance? Are your belongings important to you? Are you prepared to face whatever legal and medical expenses that might come your way because of a potential accident in your rental home?

It is not uncommon for personal items to become damaged. Replacing these items can become very costly. Without Renters Insurance,  all damages to contents in a rental property are the sole responsibility of the tenant. Typically the landlord only has insurance for the property itself, not the contents.

If you are trying to decide whether to purchase Renters Insurance or not, do a walk through and inventory the items in your home. When you add up the value of all the items, it quickly adds up! Are you prepared to pay out of pocket should a fire, or water leak destroy it all? A few more scenarios include things like:  The landlord’s insurance will not cover the cost of damaged foods from a broken refrigerator, or a roof leak dripping water into a closet and ruining clothes.

Think about throwing a pool party and someone trips on a rug and breaks an arm. Renters insurance would cover their medical expenses. For the price of eating out one meal a month, these items can be covered! 

Whether you decide to purchase Renters Insurance or not, be sure to understand the choice you make. Without it, you take a chance of both content loss and medical liability. With it, you pay a nominal fee monthly and can have peace of mind knowing all your belongings are covered and your liability minimized.

Thinking about buying a home? Make sure you check out our Homeowners Insurance and all our other Insurance Solutions HERE!