Consider renters insurance as part of an essential protection plan.
If you rent a house, apartment, or condo, then you may have heard that you need renters insurance. Even though such a policy is highly recommended to all renters, many choose to go without it, thinking that they don’t need that much coverage for just a few belongings. However, if you are in a position where losing your possessions or living space would put you in a financial bind, you should consider getting coverage. Here’s why.
Your landlord doesn’t provide coverage.
Your landlord will have insurance for the whole building because they own it, but they will not take out coverage to protect your belongings. If your property is damaged due to a fire or natural disaster, or if your property is stolen, you will be on the hook for replacing possessions. Fortunately, renters insurance can help.
Your belongings have value.
Many renters mistakenly believe that they don’t have enough belongings to justify taking out a whole policy to cover. Look around your space and consider all of your belongings – the furniture, electronics, appliances, clothing, and more. Your belongings have significant value, and if you lost all of these items, your finances might struggle to replace them all.
Renters insurance doesn’t need to cost a lot. Working with the right insurer to find the right policy can ensure that you have an affordable policy on hand. For just a small premium, you can get peace of mind that your possessions are protected.
At Tompkins Insurance Agencies, we can help you find reliable cover. Visit us for the help that you need and deserve.