7 Reasons Renter’s Insurance Is a Must

Renter’s insurance may be optional, but it’s an option you should always take.

As one of the most versatile, cost-effective types of insurance available, it provides a wide range of benefits.

Renters Insurance Utah

Here are seven of the top reasons you should get a quote today:

1. Your Landlord’s Insurance Won’t Cover You

One common reason tenants don’t sign up for renter’s insurance is because they believe that their landlord’s policy will cover them. This is false. Landlord’s insurance only covers the dwelling, and it won’t reimburse tenants for personal property loss.

2. You’re Protected from Liability

If a neighbor, friend, postal worker or anyone on your property is injured because of your property, renter’s insurance will protect you from liability. The policy will pay for medical bills — you won’t have to come up with any money out of pocket.

3. It Will Help You Avoid Serious Financial Loss

If there is a flood or fire in your apartment and all your possessions are lost, how much would it cost you to replace your furniture, clothes and electronics?

The average renter owns between $20,000 and $30,000 worth of possessions. That’s a hefty total, and it’s not an expense you can likely afford. Renter’s insurance will allow you to replace items without suffering financially.

4. It Protects You from Theft

A renter’s policy covers burglaries that occur on the apartment’s premises, but also theft that happens elsewhere. If your laptop is stolen out of your car, or your smartphone is stolen from your purse, just submit a copy of the police report and your policy will help you replace the stolen item.

5. You Won’t Pay Out of Pocket for Additional Living Expenses

If your apartment is unlivable after a natural disaster, renter’s insurance will pay for hotel costs and even the price of eating out while your apartment is repaired. Additional living expenses can quickly add up, and it’s a financial relief to know you can fall back on renter’s coverage.

6. You Can Customize it to Fit Your Needs

You can add riders for valuables like expensive jewelry and artwork. Your policy is customizable based on the value of items you own. Design a personalized plan and get the peace of mind that all your possessions are covered.

7. It’s Affordable

Renter’s insurance delivers maximum benefits for a minimum price. It’s not expensive and you can combine it with other types of insurance to save even more.

Call Four Seasons Insurance today, and get a personalized free quote for a renter’s insurance policy that will meet your needs and fit your budget.