Renters Insurance: Yes, You Do Need It

Take a look around your apartment at all of that great stuff you have decorated with and accumulated since you moved in. Now, think about what you would do if something happened in the building and you lost that killer CD collection you have spent years building. Would you have the money to replace it? Contrary to popular belief, your landlord’s insurance will not help you. The insurance your landlord carries only protects the structure, and it protects your landlord from liability claims. It is up to you to protect your investments with renters insurance.

For a few hundred dollars a year, you can get a renters insurance policy, maybe even from the same agent that you have your car insurance with. The policy not only protects your belongings, but it may help to pay for a place to stay in an emergency, or to help cover a liability claim if someone is hurt in your apartment. Like homeowner’s insurance, you will also have a deductible to meet before you will receive coverage under this type of policy.

If you are not sure how to value your belongings, or you want more information about buying renters insurance in Warrior Insurance can help you!

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