How To Protect Your Personal Property with Renters Insurance

ID-100249008There are affordable benefits to renting a house, apartment, condo, or mobile home; you are not responsible for repairs, you can move on after the lease is up and you do not have the added expenses for taxes and home insurance that can be quite costly.

While many people are renting, some renters do not have renters insurance because they do not know it exists or think they cannot afford it.

Renters Insurance can be affordable and help is available to find a plan that you can afford. Do not count on your landlords home insurance to have coverage for your personal belongings or liabilities.

Renters Insurance covers typically furniture, your TV, stereo, appliances, clothing, personal valuables and liability for injuries. If most of a renters belongings were stolen, consider what the cost would be to replace those items. Renters Insurance also covers you in case someone gets injured in your rental. You won’t have to pay their medical bills, nor would you have to pay legal fees if you are sued depending on the policy you choose.

If you cannot live in your rental due to a fire or other damage, you may purchase Additional Living Expense Insurance that can cover your out of pocket living expenses, including hotel charges and meals.

Types Of Personal Property Coverage

Deciding on the amount of your coverage is a very important way to save money. Consider what you can afford though if you do in fact lose everything in a disaster. Would you be better off with a higher deductible and a lower cost policy?

Take Inventory

Once you purchase Renters Insurance, be sure to take inventory of your belongings, furniture and everything in your dwelling. Use photographs or a video. Show serial numbers when available, open closets, drawers, your garage and storage areas. Be as detailed as possible. Don’t keep your photos or video in your dwelling! Save them on line, in a safety deposit or make copies for family and friends to save for you.

When you have Renters Insurance you’ll feel much more at ease because there’s less worry about the what ifs. You’ve taken the proper steps to cover the contents of your rental. When there’s a lightning storm, remember Florida is the lightning capital of the US, you know your microwave, washer, TV, etc. are covered. When a hurricane or tropical storm is headed your way, you can take the proper precautions for you and your family and not worry about your furniture or computers.

Paying a small amount of money now can save you lots in the end with Renters Insurance. Call us today with any questions, glad to help.

 

Photo Courtesy of phasinphoto at FreeDigitalPhotos.net

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