If you speak to many renters in Orleans, IN, they don’t carry renters insurance because of the thought that they don’t own a lot or perceive that the landlord’s insurance covers them. Although it’s a fact that your rented property is insured, the landlord’s insurance covers damage to the property but not your belongings. In light of this, you need renters insurance from Busick Insurance Agency LLC for the below reasons.
To protect your assets
You may not think your assets aren’t valuable, but a room-to-room inventory count may suggest otherwise. And because you have put in thousands of dollars to accumulate your assets over time, it’s essential to protect these valuables with renters insurance.
Renters insurance pays for the damage or loss of your belongings when a covered loss strikes. While renters insurance doesn’t prevent risks from occurring, it provides a softer landing when disaster strikes. And the beauty of renters insurance is that it protects your assets even when outside your rented property. For instance, if your laptop is stolen while at school, renters insurance should compensate you for the loss.
To cover you against liabilities
Renters insurance protects you and your family against property damage and bodily injuries you cause to other people. For instance, if a guest is injured within your rented dwelling, renters insurance covers the medical costs and possible legal costs. Similarly, renters insurance should pay for property damages if your son throws a ball and breaks your neighbor’s expensive glass door.
To cover additional living expenses
Suppose your rented property becomes unlivable due to a covered risk like fire. In the process, you might have to look for temporal shelter as your home or apartment undergoes repairs. Renters insurance can pay for your hotel meals and accommodation until your dwelling becomes livable again.
If you ever thought you never needed renters insurance, now you are convinced you need this coverage. If you are in Orleans, IN, and its environs, please contact Busick Insurance Agency LLC for an affordable quote.