Why Renters Insurance is a Good Investment

Advantages of having renters insurance.

While most homeowners understand the importance of having insurance coverage, renters are less likely to see insurance as a good investment. However, this is because many do not know about all the benefits that renters insurance offers. Here’s why you should invest in renters coverage.

What is Renters Insurance?

As the name suggests, renters insurance is a special type policy designed with a renters coverage needs in mind. Because you are not responsible for the physical structure of your rental home or apartment, renters insurance does not include dwelling coverage like a home insurance policy would. However, a renters policy still offers personal property, personal liability, and loss of use coverage to protect your finances in the event of a major damage or liability event.

Benefits of Renters Insurance

  • Protection from theft– Even if your rental is in a safe part of town and is equipped with updated safety features, this isn’t always enough to deter criminals. Should your rental home or apartment get broken into, then your renters policy will offer coverage for the personal items that are stolen or lost.
  • Protection from damages that you cause– If you accidentally caused a fire in your apartment that then spread to your neighbor’s unit, then you would be responsible for any damages that they sustained. Fortunately, the personal liability coverage included in your renters policy ensures that the cost of your neighbor’s repairs and property replacement doesn’t come out of your own pockets.
  • Protection from guest injuries– If a guest injures themselves while on your rental property, then there’s a good chance that you will be held liable. Luckily, with renters insurance, you can use your personal liability coverage to pay for your guest’s medical treatment and, if necessary, your legal bills.

This is why having renters insurance is a good investment. Are you looking to secure this important coverage? If so, then contact the experts at Robert J. Los Insurance Agency in Hamburg, New York. Our dedicated team is eager to assist you with all your coverage needs today.

Robert J. Los Insurance Agency

Robert J. Los Insurance Agency

Address: 4167 Legion Drive,
Hamburg, NY 14075

Phone: (716) 648-6100
Toll Free: (800) 747-0780
Fax: (716) 648-6104

Office Hours:
Monday-Thursday, 8:30 AM - 5:00 PM
Friday, 8:30 AM - 4:00 PM

We Look Forward to Serving You!

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