It’s certainly a tragedy when a tenant has a fire and the structure is shared with another family. If you were the other family, the smoke damage goes beyond that unit to your own belongings. Could you afford to replace everything you own? You would have to temporarily live somewhere else while the structure was cleaned and repaired too, and who would pay for that expense?
Remember, your landlord’s insurance does not cover your losses…but renters insurance can help.
Protect Your Personal Property
You may not own the property you live in, but you do own much of what’s inside. Personal property coverage provided by renters insurance can cover the contents of your home and certain other personal property owned by you in case of damage from fire, water, and several other instances.
In Case of Loss of Use
Renters insurance also helps with loss of use. If you have to move out of your dwelling for any reason while it is being repaired, you would receive up to $6,000 automatically (based on a $15,000 contents policy) for additional living costs during that time.
Renters insurance can also provide you with liability coverage. Liability could be someone coming into your home and tripping on something, or slipping on your front steps, and getting injured. You are provided legal protection from being sued with your renters' insurance policy.
How Much Does Renters Insurance Cost?
Renters insurance is one of the least expensive policies we offer at Bruce Gardner Insurance Agency. Basically, you can get renters insurance for as low as $10/month for $15,000 of coverage. You also get coverage of your personal property starting at $15,000, plus up to $6,000 for loss of use expenses. That’s a lot of coverage for as little as $10/month.
When you think about it, renters insurance is a minimal monthly cost to protect your belongings and yourself.
Rates may vary. Contact us to get a quote on a renters insurance policy.
See what coverage you’ll get with Rockingham Renters Insurance: