The importance of renters insurance.

If you are like many other renters, then you may consider insurance an unnecessary investment.  However, this simply isn’t the case.  Renters insurance actually offers policyholders several coverage options that they can benefit from.  Here’s why you need to secure a renters policy today.

• Personal Property Coverage

While your landlord is responsible for the damages that your rental home or apartment sustains, they will not compensate you if your personal belongings are damaged or lost.  Fortunately, the personal property coverage included in your renters insurance will cover the cost of repairing or replacing your damaged possessions.

• Loss of Use Coverage

What would happen to you if your rental was temporarily uninhabitable due to damages caused by a fire or another major disaster?  Well, in most cases you would have to foot the bill for finding a temporary living situation.  However, if you have renters insurance, then your policy offers loss of use coverage.  This coverage takes care of the costs associated with living elsewhere while your rental is undergoing necessary repairs.

• Personal Liability Coverage

Stop for a moment and imagine what would happen if someone injured themselves while inside your rental.  If someone slips and falls, gets bitten by your pet, or experiences some other accident, then you might find yourself on the receiving end of a personal liability lawsuit.  Luckily, if you have renters insurance, then the personal liability coverage included in your policy will help you take care of the expenses associated with a lawsuit.

This is why you need the protection offered by renters insurance.  Are you looking for assistance with your renters coverage?  If so, then contact the experts at James Page Insurance.  Our dedicated team is eager to assist you with all your coverage needs today.