If you are a renter, you may be required by your landlord to have renters’ insurance. But even if you aren’t required, you still need this valuable and cost-effective insurance for as long as you rent. To find out more, give us a call at Securum LLC in Bellevue, WA.
Coverage for Your Possessions
You don’t have to cover the rented space itself with insurance, as the owner has to do that. Most of what you are covering are your belongings. This coverage protects you against a wide range of incidents that can result in your belongings being destroyed or damaged. When this happens, your renters’ insurance policy can pay for you to replace and/or repair your items that were damaged. Without this coverage, it may be very hard to come up with the money to replace all of your possessions.
Protection for Liability
Even though you don’t own the property, if you are living there, you can be held liable if someone were to get hurt there. If a third party was in your rental and had an accident, you can be judged at fault for that accident and have to pay the person’s medical bills as well as their lost wages. Your renters’ policy will handle those expenses so you aren’t left with enormous bills to pay.
Your Lifestyle
If there were a covered incident in which your rental was badly damaged, you would likely not be able to stay there. That’s where your renters’ insurance comes in. It will pay for you to live elsewhere until your rental unit is repaired. This helps you to preserve your lifestyle so you aren’t trapped in an uninhabitable space.
Get Your Renters’ Policy
It’s important to get and keep a renters’ policy. If you don’t have one, call us at Securum LLC in Bellevue, WA.
