Why do I need Renter’s Insurance?
The landlord’s homeowner’s or commercial property insurance policy that covers the physical house that you live in does not cover your belonging’s inside of the building. A renter’s insurance policy (also known as a tenant’s policy) will provide protection for your personal property, such as furniture or electronic equipment, in case of incidents such as fire, theft or wind damage from a hurricane/tornado.

Renter’s insurance will also provide liability protection.
Unintentional bodily injury or property damage that you cause to others could also be financially damaging to you as in the example of a fire in your apartment. Liability protection against accidental occurrences (such as a visitor slipping on your wet bathroom floor and injuring themselves) also comes with renter’s insurance policies.

Renter’s insurance is reletively inexpensive.
Compared to the amount of property you could stand to lose in the event of a loss at your residence, renter’s insurance is cheap.

What does Renter’s Insurance cover?
Below are just a few:

Fire or Lightning
Windstorm
Smoke
Vandalism or Malicious Mischief
Theft
Accidental Discharge of Water

It’s never a bad idea to cover yourself in unforeseen circumstances.

This entry was posted on Tuesday, June 3rd, 2008 at 8:53 am and is filed under Rentals. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.