When you are a renter, you don’t have many of the risks that you have as a homeowner. However, you do have personal property, and you do still face some risk. At Craig Insurance Group in Raleigh, NC, we want to ensure that our customers understand the benefits of having the protection that renters insurance provides. Most of what you own is probably in your rental, and it needs to be covered.
Why you should have renters insurance
You may be under the impression that your landlord or management company has insurance that protects your property in the event that your rental meets with a catastrophe. That isn’t the case if you don’t have some sort of rental insurance, you will lose everything that you own. Your property insurance also covers your possessions when you leave home with them.
Rental insurance is more than just personal property coverage. It offers liability coverage as well. If someone is injured while visiting your rental or by a member of your family while they are not at home, this could provide the protection you need. You may think that no one will sue you if you don’t own a home, but as long as you have assets or earning potential, you can be sued.
Another coverage that comes with renters insurance is loss of use coverage. You may have never thought about it, but where would you go if your apartment was damaged by something serious and was not habitable? If you have renters insurance, you will be able to go to a hotel immediately, and if it is long-term, you can get another rental until yours is available to use. Your insurance will also pay for some meals if you can’t cook.
Give Us A Call
Contact Craig Insurance Group in Raleigh, NC if you are a renter and need information.
