Do You Have Renters Insurance?

2/25/2022 (Permalink)

Keep Calm and Buy Renters Insurance

Did you know that 95 percent of h have a homeowner’s insurance policy, but only 37 percent of renters have renters insurance? In most cases, property managers have insurance on the structure, but not the items inside the structure. So, when a tenant gets renters insurance their policy protects them in several different ways.

Personal Belongings. A basic policy will reimburse you if your property is damaged, lost, or stolen.

Fire/Wind Damage. Costs associated with fire and damage caused by high winds are covered by a renter’s policy.

Liability Protection. Renters insurance provides liability protection that covers you against lawsuits for bodily injury or property damage done by you or your family members.

Additional Living Expenses. If something were to happen to your apartment and it became unlivable. Renters insurance will pay or help pay for other living arrangements.

Coverage may vary depending on who you have the policy with, but the average r insurance policy is only $144 per year or $12 per month! So, if you don’t have renters insurance you should look into a policy today. You never know what could happen. We hope you never have to experience damage to your apartment! Luckily, we work with your insurance for a stress-free claims process.