If you’re operating under the impression that renters insurance is a
frivolity, consider this: If your apartment building was destroyed in a
fire or a flood, the landlord’s insurance would rebuild the building and
you’d eventually get your unit back—but it’d be empty. In other words, the
best renters insurance
will come to the rescue by protecting your belongings in scenarios that
would otherwise seriously cost you.
Renters Insurance Coverage
Renters insurance provides
coverage against loss or theft
of your personal belongings in your home and stored in your vehicle over a
set deductible. It also covers your personal liability for injuries
visitors to your home sustain while there, including medical payments.
Further, if you’re forced out of your apartment, townhouse or rental home
by a covered event, your living expenses will be reimbursed while your
dwelling is undergoing repairs.
The Car Too…
On your way to Death Valley, you happen upon the
world’s largest thermometer.
Stopping for the obligatory photos, you wander into the gift shop.
Returning, you discover your car has been ransacked and all of your
belongings are gone. While you might think of your auto insurance first in
this instance, your renters insurance policy may actually cover it.
Off-premises personal possessions are often covered by renters insurance,
even when they’re in your automobile.
An Epic Deluge
You’re deeply immersed in a project at work when your phone emits the
staccato buzz indicating a text message has just been received. You’re
busy, so you ignore it. It happens again, you ignore it again. Finally the
phone starts ringing. After ignoring it three times you answer it just so
you can focus on your work again. It’s your upstairs neighbor, apologizing
profusely because their pipes burst and water is streaming from beneath
your front door. Everything in your place touching the floor is ruined and
you’re going to have to find someplace else to live for a month while your
unit is restored. Good thing you have renters insurance.
A Risky Guest
Friends are over, everybody’s having a great time, when you hear that one
guy (you know the one) say: “Dude, hold my drink, watch this.” Knowing this
phrase always ends in disaster, you rush out to the deck to find him trying
to enact a low-rent Cirque du Soleil stunt on the railing. Sure enough, he
slips, lands on his face and breaks his nose. Renters insurance will cover
the cost of his medical fees.
The best renters insurance will cover you in each of these three scenarios
and many others. So, while you might have considered it an unnecessary
expense before, you’ll be glad you got it should someone break into your
car or fall off your deck. Use CoverHound to
find the coverage you need at affordable rates.