If you don’t own a house or condo, but rather rent an apartment, having a renters insurance policy is very important. Contrary to what many people think, your landlord’s insurance policy does not cover your personal belongings such as your computer or television. Nor, will it cover you should you be held responsible for someone becoming injured at your apartment. The good news is that you can escape these exposures by investing in a renters insurance policy through Smith Insurance.
Your Personal Belongings
Chances are you have no idea how much “stuff” you really have. It is also likely that you haven’t a clue as to how much it would cost to replace it all. The fact is, over time we all accumulate a lot more than we realize, and should we lose it all in an instant, it may cost a small fortune to replace it all. While some things such as a flat-screen television or a laptop computer come to mind right away, the “hidden” things such as your clothes, books, tools, and sporting equipment will quickly add up to be a lot more expensive to replace should the unfortunate happen.
Liability Coverage
While one might still argue they don’t have a lot of “stuff” to insure, they probably have an income that is certainly worth protecting. The fact is, wages are garnished more often than you might think due to one having an outstanding debt due to a lawsuit. A simple slip and fall that was caused by your negligence could result in you being personally responsible for thousands of dollars in medical fees and lost wages. Should this happen to the average renter, their paycheck would be garnished for years to come to settle that debt. With a renters insurance policy, you can rest assured knowing that you have coverage should the unexpected happen on your rental property.
The good news is that a good renters policy is a lot more affordable than you may think. For only a few dollars a month, you can save thousands of dollars down the road. Should the unfortunate happen where you have to replace all your personal belongings, or you’re responsible to pay a six or seven figure settlement as the result of an unexpected incident, a renters policy can protect you from financial ruin.
About Smith Insurance and Financial
At the Smith Insurance Agency, we’re experienced, understanding and dedicated. As a result, our clients are consistently satisfied knowing they are in the best hands. We take the time to get to know our clients and their individual insurance needs. Schedule your one-on-one consultation with us and allow us to tailor an affordable rental insurance quote for you.
The information and descriptions contained are not intended to be complete descriptions of all terms, exclusions and conditions applicable to every insurance product or service, but are provided “as is” and for general informational purposes. Contact Smith Insurance and Financial, Inc. for specific coverage information with regard to your policy.
