Why Carry Renters Insurance?
Are you a renter? Do you carry a renters insurance policy? Many renters don’t carry insurance coverage because they don’t own the home or apartment they are living in.
There are many good reasons to carry renters insurance, the first is it will provide coverage for your belongings. You may have a lot more stuff in your place than you realize. The average 2-bedroom apartment contains around $30,000 in contents.
Second, if the apartment or dwelling you are living in is damaged in a fire or other covered loss you may need to find temporary replacement housing. A renters policy extends some coverage to pay for replacement housing and increased living expenses until you can get back in your home.
Another reason to carry renters insurance is to cover you if a liability claim occurs in your home or apartment. Typically, the landlord is responsible for accidents that occur in the parking lot or yard, but you can be held liable for a fall or injury that occurs in your residence.
A final reason to carry a renters policy is that it will lower the cost of your auto insurance. Sometimes the savings can be significant and may even cover the cost of the renters policy.
Lenz-Balder Insurance works with several insurance companies that can provide competitive pricing on renters insurance. Contact us today at www.lenzbalderins.com to make sure you are covered!