AllRisk Auto Insurance, LLC Blog
For homeowners, Home Insurance got their back, but how about renters? Most of the renters have a misunderstanding about insurance. There are some reasons why they don’t get Renter’s Insurance.
These reasons are actually wrong. There are some facts about Renter’s Insurance that are being overlooked by the tenants. Here are some of the things you need to know about Renter’s Insurance before believing in those renter’s insurance hoaxes.
Landlord Won’t Save You
Many renters thought they were covered by the landlord’s insurance, but no! Landlord’s insurance only covers the losses in his own building or apartment, which excludes you as a tenant. Whatever happens to you and your properties, the landlord will not be responsible for that.
Your Stuff Are Worth Insuring
People may think that their couch, shoes, or clothes don’t value that much. But when a theft happens, reality will strike. Even if your belongings aren’t that expensive, it might still hurt your pockets if it got lost or damaged.
Renter’s insurance policy will protect your personal property including jewelry, electronics, furniture, and clothes from loss. It could also protect you from lots of perils such as:
What renters believe about Renter Insurance being expensive is the opposite in reality. The actual cost of this insurance will be based on the coverage you need, deductibles, and location. According to NAIC, it’ll only cost you a hundred dollars a year for this insurance.
Renters may disregard liabilities, but insurance won’t. If someone got injured inside your house or you unintentionally hurt them, insurance will provide payments for legal expenses within its policy limits. Most insurance policies give you liability coverage with $100,000, and if you need more, you can pay more to expand the policy limits.
There are a lot of misunderstandings and overlooked facts about Renter’s Insurance. That’s why renters need to re-evaluate their reasons for not getting this type of insurance and consider having it. And be sure to understand a policy first before listening to hoaxes.
At AllRisk Auto Insurance, LLC, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (360) 693-4044 or Click Here to request a free quote.