These are the 4 Reasons You Need Renters Insurance:
- Covers losses to personal property- I know you think you don’t have that much stuff so why would you need it covered. Take a good look at what you have though, if you add up the price to go out and buy all your stuff again, it adds up fast. Think of your clothes, shoes, jewelry, makeup, purses, luggage, all your electronics, your computers and devices, your television, gaming systems, laptops, iPads, your bed, sheets, blankets, towels, toiletries, home décor, all your kitchen gadgets (not including your fridge and stove), your furniture, couch, bed, kitchen table, desk, dressers, etc.
- It provides you with liability coverage. This can help pay for another person’s medical bills or repairs to their property if you’re legally responsible for them. Any injuries or damage must be accidental and unintentional. It can also help cover legal expenses if you’re sued over an incident that occurs in your home.
- It can cover additional living expenses if your home becomes uninhabitable due to a loss.
- You can get a discount on your other policies by bundling. The average discount for bundling is 17%. Sometimes the discount you receive on your auto policy is enough to cover the cost of a renter’s policy.
