If you’re renting, you may assume that your landlord’s insurance protects you and your valuables against damages, theft, or injury. Oftentimes, this isn’t the case and tenants can find themselves drowning in expenses following a disaster. Renters insurance enables you to replace damaged or stolen property, covers additional costs of temporary living following a disaster, and protects your responsibility if someone were to be injured in your home. While renters insurance plans vary based on your specific needs, here are some of the most common uses of renter’s insurance coverage:
Guest Injuries: If a guest were to fall, trip, or be injured in your home, renters insurance helps to cover the cost of medical expenses if your guest decides to pursue you for damages. Medical bills and legal defense costs can add up quickly, so it helps to have insurance to cover your responsibility to those injured in your home.
Theft: If you’re the victim of a robbery, chances are your landlord won’t be responsible for the lost or stolen items. While they may hold some liability, there’s often a chance that your landlord is not legally required to cover the cost of replacing your valuables. Renters insurance helps to protect your stolen property when the items are listed on your policy.
Natural Disasters: In the event of a natural disaster, renters insurance helps to cover the costs of temporary living expenses while your home is restored. It can also protect any property that could have been damaged from a windstorm, hurricane, water damage, or more depending on your coverage plan.
As your Viera insurance agents, we want you and your most prized possessions to be protected in case of an emergency. Though we can’t predict the future, we are able to mitigate risk and ensure that you and your family are protected should you need assistance. To learn more about how you could benefit from a renters insurance policy, contact our agents today.