Renters Insurance

Liljenberg Insurance

Liljenberg Insurance

When you rent, you may think that since you do not own the residence that you dont need your own insurance. This is not the case, however. A landlord or property owner will most likely have an insurance policy on the property, but their insurance will not cover replacing your belongings. Getting renters insurance coverage will allow you to replace your belongings if there is a flood, fire, theft, or another event.

A renter needs renters insurance. Many property owners actually mandate it before leasing out their property. This reduces their own liability, and it helps to protect you, as the renter, and your belongings. While you may not feel that you own much, anything you own can be lost, which could be very devastating both emotionally and financially.

One of the best things is that renters insurance is not overpriced. Annual policies will not run you more than $200 per year, which means that it only costs around $20 per month, which is in most everyones financial reach. This monthly or yearly outlay is more than worth it if you are a victim of theft or other occurrence that leads to damage or loss of your own personal belongings.

What Does Renters Insurance Cover?

This will be dependent upon the amount and type of coverage that you purchase, which can vary in cost as well. Some policies give you a check for the value of your personal possessions up front, but others reimburse you for replacing your things. There are good and bad points to each, but either way, it can decrease the financial loss that you will have to deal with if you are a victim of a catastrophe.

If you are one of the many renters in the United States, you need to consider purchasing a renters insurance policy. No matter what the value of your belongings, they are what you own, and if they are lost, it can be a financial burden to repair or replace them. This can decrease your worry if there is a fire, tornado, you are stolen from, or you face any other issue.