Countless years of shopping to create your current wardrobe, $300 for the television, $700 for your computer… how much are you willing to pay to replace these items? These items, with jewelry, furniture, and any other items in your household, could all be lost in a fire or flood and your landlord’s insurance does not cover their replacement. For an extra $15 a month, you could get a renter’s insurance policy to cover $30,000 worth of lost items in event of flood, fire, theft, and other situations. We highly recommend our renters to sign up for a policy to cover the items you would not want to loose while renting. Here are 7 situations you could be in wishing you had renter’s insurance:
- When Nature is no longer your friend: insurance covers damage from hurricanes, watere, electrical surges, snowstorms, fire, and lightening.
- Theft: Take photos of expensive items in your home that you would like replaced if stolen
- Vandalism: If someone trashes your home but doesn’t steal anything, it will be covered
- Theft outside of your home: Even if you have items in a storage shed or at your business like you rode your bike to work and it was stolen, your insurance will cover it.
- Housing costs if you have to live elsewhere during repairs: During repairs to your current rental unit, your insurance will pay for your housing costs during the time you are not in your rental unit.
- When someone hurts himself: Your insurance will pay for their medical expenses and any lawsuits that may happen due to the injury up to a specified limit.
- If you damage other people’s property: The infamous baseball through your neighbor’s window is covered by renter’s insurance.
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