Why A Renter Should Get Insurance Coverage

Insurance Blog

Whether someone is a renter or owner, experiencing a fire can create a complicated living situation that requires money to get back on track. Unfortunately, not everyone is able to support themselves financially after such an incident. It is common for homeowners to have insurance coverage to help financially after a house fire, but many renters are unaware that insurance coverage is available to them as well. Even if renters are aware that insurance coverage is available, they often avoid getting the coverage to avoid spending money. It is in the best interest of a renter to invest in insurance because the coverage can cover multiple situations that might arise when least expected.

Take Advantage of Liability Coverage

Did you know that you could get sued if someone gets injured in the home you are living in, even if you are not the owner? For example, if the injury is caused due to a guest tripping over a rug or slipping on a wet floor, you can be held liable. You can be put into a financial bind that you cannot afford to come out of, especially if you do not have any money saved up. Renter's insurance is worth having because anyone that is injured in your home can file a claim with your insurance provider rather than taking you to court. The extent of medical expenses that the insurance company will cover depends on your policy.

File a Claim for Damaged or Stolen Personal Items

A fire, storm, or similar incident could lead to your personal belongings getting damaged, including the items that are valuable. Rather than stressing about how the items will be replaced, you can have the peace of mind that there is insurance in place to cover the items. For example, if your personal belongings are damaged by the smoke, ashes, or flames in a house fire, you can receive compensation to replace everything. The coverage will also help you receive compensation if your items are stolen in a home burglary, or even if something is stolen out of your vehicle while you are out and about.

Additional Living Expenses Are Covered

Have you ever wondered where you would live if your home catches fire? Getting a hotel room can be done quickly, but affording the room is not easy for many people. With renter's insurance coverage, you can file a claim to receive compensation for hotel expenses while your home is being repaired. Other expenses may be covered as well, such as food. An insurance agent can provide details about the types of renter's insurance coverage that are available.


20 July 2022

Preparing for the Future

Ten years ago, I married my best friend in a beautiful, intimate ceremony. My husband and I have been nearly inseparable and we’ve enjoyed this special time in our lives where it has been just the two of us. However, we’re finally ready to have a baby. Because I only work part-time, my husband is the primary financial provider in the family. If something ever happened to him, I wouldn’t be able to instantly support myself and a child. Because my husband worries about an uncertain future, he is considering purchasing a larger life insurance policy. On this blog, I hope you will discover the best types of life insurance policies for young parents to invest in. Enjoy!