Special article brought to you by Heiner’s Insurance Center
POSTED BY MIKE F. – ACUITY
According to a poll by Insurance Information Institute, 95 percent of homeowners have insurance, but only 37 percent of renters carry insurance. While renters insurance may not be required at your apartment, there are several important reasons to protect yourself while renting. When you live in an apartment complex, all your neighbors are potential risks, so even if you take precautionary steps, you need to be prepared in case your next-door neighbor isn’t as responsible.
Top five reasons you need renters insurance today:
1 – PROTECT YOUR STUFF – Renters insurance will pay for your items in case of a loss (from fire, theft, water, and more). Your possessions are likely worth more than you think – Your expensive items, such as televisions, furniture, and video game systems, can be covered and replaced in case of a loss. Oftentimes people have possessions worth tens of thousands of dollars without realizing it. Renters insurance can give you complete peace of mind.
2 – YOUR LANDLORD IS ONLY RESPONSIBLE FOR THE BUILDING – Your landlord is responsible for fixing any structural damage caused by catastrophic events, but he or she is not responsible for covering any of your belongings. If a tornado were to hit your apartment, your landlord would rebuild the structure, but all of your personal items would be lost—unless you have renters insurance.
3 – PROTECTION IN CASE SOMEONE IS HURT WHILE IN YOUR APARTMENT – Renters insurance will provide you with liability insurance in case someone is injured while in your apartment. Most policies will provide at least $100,000 of liability coverage and $1,000 to $5,000 in medical payments.
4 – IT IS AFFORDABLE – The average policy only costs $186 annually – that’s just a fraction of most cell phone bills at less than $16 per month – according to the National Association of Insurance Council.
5 – GETTING RENTERS INSURANCE GIVES YOU COMPLETE PROTECTION AND PEACE OF MIND—ALL FOR A SMALL PRICE! Not to mention, packaging renter’s insurance with your auto insurance can increase your savings. To learn more about renters insurance, call Heiner’s Insurance Center