The 6 benefits of Renters Insurance you didn’t know about

You are renting a house or apartment. Do you need renters insurance? The answer is yes, as the landlord or landlady’s insurance covers the building and not your property inside the house.

You need to get renter insurance to cover your property inside your house or apartment.

According to the statistics, less than %50 of tenants in the US have insurance for their property.

This article brings you the benefits of renters insurance.

The one mistake tenants often make is that they don’t know that the landlord’s insurance doesn’t cover their property. They make a mistake, but they also don’t know how much their property is worth and underestimate them.

Make a simple calculation to know what the renter’s insurance is worth compared with your belonging inside the house.

This section brings you some of the benefits of renters insurance. It encourages you to get it if you don’t already have it or arrange it from the beginning of renting a place:

It covers your property everywhere, even when traveling.

Can you afford to get a new laptop, tablet, or that expensive watch you got as a gift?

A renter insurance policy covers your property and belongings wherever they are. Whether they are inside your house or you are carrying them outside or with you on a trip. The insurance covers them, and you can have peace of mind.

The range of coverage is from theft to loss anywhere you travel.

Look at some of the items that renters insurance covers:

• Smoke
• Vandalism
• Theft
• Fire
• Damage from water
• Storm or hail
• Heavy snow
• Civil war or riot
• Object falling down
• Explosion

 

Liability coverage in case of injury and emergencies

You are having a party or gathering, or it’s just a visitor, and the person gets hurt. Did you know that he/she can sue you?

Do you keep a pet? If your cat or dog bites someone, the responsibility is with you.

What if you cannot pay for the incident’s injury?

These cases might happen to anyone.

Renters’ insurance covers all of these cases, and you can have peace of mind. If someone is hurt in your place, renters insurance covers it.

In terms of legal expenses, it covers court judgments as well.

 

The homeowner often requires it from tenants.

The insurance policy of your landlord pays for the building and not the personal belongings inside.

Landlords often require tenants to get renters insurance for their personal stuff. It is to ensure the tenant can pay the rent and cover himself/herself in an emergency.

It’s like an investment and protecting themselves. If the landlord asks you for renters insurance and proof, do not be surprised. The landlord gets the benefits of renters insurance as well.

 

It provides other types of coverage and support.

There are other benefits with the renter’s insurance in the packages as well. Insurance companies provide a few other features with it to ensure client satisfaction and full coverage.

One feature is that if your house becomes uninhabitable, the insurance could provide living expenses for food and accommodation.

But check whether the renter’s insurance you have picked has this feature or not.

 

It’s cost-friendly and definitely worth it.

The cost of renters insurance is from $20-$40 per month and is up to the location, the size of your house, and your belongings. But it’s affordable, and besides the many features, it’s definitely worth it.

How much does the latte from Starbucks drink every day? Calculate the final cost at the end of the month, and you see that you are spending more on your coffee than insurance.

Renters insurance is a good investment and worth it to avoid financial loss.

 

Your personal property is worth more than you know

People often tend to underestimate the true value of their property. When they visit us, and we give them an estimate of the value of their property, they are surprised and get the renters’ insurance quickly.

You might be among them as well. Just sit and take a look at the list of your belongings. Write their value in an Excell sheet, and you will be surprised. Then you will find out that renters insurance is worth it.

 

Renters Insurance in California

Are you looking for the best renters insurance in California? David Elist is your option. We provide a wide range of insurance policies to our clients in California. Go through the top menu to know these policies and get familiar with them.

Give us a call at 818-999-9737, and our experts will guide you to pick the best insurance option or renters’ insurance.