Why You Need a Renter’s Insurance Policy

Renter’s Insurance Benefits

Renting a home, no matter if it is an apartment or a house, comes with the responsibility of making sure that it is protected. While you do not have as much responsibility as if you owned your home, you will still need to invest in the right insurance policies. There are many reasons that you should invest in your own renter’s insurance policy before you move into your rented house, including:

  • It is affordable – typical renter’s insurance policies cost around $200 for a full year of coverage. Keep in mind that the actual cost of your insurance policy will depend on many different factors, including your deductible, where you live, and the limits of your policy. Working with your insurance agent is the best way to ensure that you find the right amount of coverage.
  • It will cover personal property losses – any damage or destruction to your personal property will be covered by your renter’s insurance policy. Even if you do not think that you have anything that is worth protecting, chances are you do. Replacing your laptop, flat screen TV, and game consul can easily cost a few thousand dollars. Your renter’s insurance policy will provide coverage for these items to ensure that you do not have to dig into your savings to replace them.
  • It will provide liability coverage – if someone comes over to visit your new home and slips and sprains their ankle, you can be held responsible for the medical bills that are associated with the accident. Your renter’s insurance policy will pay for any medical bills, as well as lawsuit costs if your friend decides to sue you for lost wages.

For all of your renter’s insurance coverage needs and to ensure that you have the protection that you deserve, contact the insurance professionals at Brown & Brown Insurance in Anaheim, California.