There are many people who choose to rent their homes instead of buying one. If this is your situation, what lengths have you gone to with protecting your belongings? Although most homeowners have insurance for their properties, an alarming amount of people who rent their home still do not have a renter’s insurance. Renters insurance is designed to provide a tenant with coverage for their belongings against sudden damage or loss and provide cover for damage done to a neighbor’s property etc. Obviously the amount of coverage depends on the insurance policy a person chooses.
There are a variety of reasons a person may decide not to obtain renters insurance. One reason is that they feel it will cost too much. It may be surprising to know, however, that renter’s insurance is very affordable even costing as little as around $17 a month. Some other reasons that a tenant might not have renter’s insurance is assuming that their possessions are not worth having covering for. But, when you think about how much money would be needed to replace any or all of those possessions, its clear to see the value in being covered for them. There are other tenants who do not realize renter’s insurance is available for them or they automatically assume the homeowner’s policy will cover them.
If you are someone who does not yet have renter’s insurance, we hope that this short article will help you see just how affordable and easily available it is for you. The benefits are clear to see, and you will have peace of mind knowing your belongings are covered.
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