Why Is It Important To Have Renters Insurance

Why Is It Important To Have Renters Insurance

Many renters believe that everything they have inside their rented apartments or houses is insured under their landlords’ policy. Unfortunately, it is not true. If you rent a property and want to protect yourself and your personal belongings, you need to have a separate renters insurance policy. But statistics show that only 37% of all renters purchase adequate insurance in the United States.

If you are thinking about skipping renters insurance, here is a list of reasons prepared by Accesspoint Insurance serving Palm Beach County, FL that explain why this type of insurance is important: 

  • Protection of your personal belongings. This type of insurance is designed to protect the personal belongings of renters if they are damaged, destroyed, or stolen. A standard renters insurance policy may also cover personal items from power surges, water damage, and other unexpected disasters. 
  • It protects guests and visitors as well. There is always a chance that your guest or visitor can injure themselves in your rented house or apartment. If this happens, you will be responsible for their medical bills. However, those who carry renters insurance have nothing to worry about – their policy will cover all the medical expenses. 
  • It may be your landlord’s requirement. Some landlords require their tenants to purchase renters insurance before signing the contract and moving in. Therefore, in some cases, you will not be able to rent a property until you get adequate coverage. 

Suppose you decided to rent a house or apartment. Renters insurance is one of the first things you should get. It is a guarantee that you will be financially protected. If you are currently looking for a  policy and need help, Accesspoint Insurance serving Palm Beach County, FL is ready to assist you. Our insurance agents will answer all your questions and help you find a policy based on your needs. Do not hesitate to visit our website or give us a call. 

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