If you are a renter, you may think that having renter’s insurance is a luxury that only few people can afford. However, in today’s world of uncertainty, most can simply not afford to be without it. Here are a few things that you might not know about renters insurance that might encourage you to sign up for a new policy.
Fact #1 – Renters Insurance is Inexpensive
Renter’s insurance is one of the most inexpensive insurance policies that you can have. It is also one of the most useful. Renter’s insurance not only provides protection for your belongings in the event something happens in the home you are renting, but will also provide you with a certain level of liability protection in the event you are found to be responsible for damage you cause to the property. Basic renter’s insurance will cost you between $15 and $50 per month, based on the level of coverage you choose. This results in an annual cost of $175-$600, less than the cost of replacing one television.
Fact #2 – It’s Necessary
While having renter’s insurance is 100% voluntary, meaning that there is no law or landlord mandate that you carry it, the truth is that there are no other insurance policies that will cover your belongings and your landlord is not required to replace your belongings in the event that they are damaged while you reside in the home or apartment. Many people believe that their belongings are protected under the property owners’ homeowners insurance policy, much like the belongings of a homeowner is protected under their own insurance policy. This couldn’t be any further from the truth. As a renter, if you don’t carry renter’s insurance, there is no coverage for your stuff. This means that if a water pipe bursts and your furniture is damaged, you will have to replace it out of pocket.
Fact #3 – It’s Easy to Find
Renter’s insurance can be found with just about any insurer on the market today. You can get a renter’s insurance policy with the same company that offers you auto insurance or other types of insurance for the most part. If your current insurance carrier doesn’t offer renter’s insurance, you can look at AMBest.com to find top insurance companies that do and then request a quote. Purchase the coverage you need from an insurer that meets your needs.
The bottom line is that as a renter, you are afforded few protections against the loss of your personal belongings. Don’t make the mistake of relying on the homeowners coverage of your landlord to provide any type of replacement or cash value for your belongings, even if the landlord is found to be at fault for the loss that you incurred. Instead, get renters insurance Jacksonville FL. Call your local insurance agents in Jacksonville and ask for a free renter’s insurance quote today.
If you don’t have renters insurance Jacksonville FL, you can get it from the professionals at Stephanie Ando Insurance. Call today for a free renter’s insurance quote.