Renters Insurance is a cheap and effective way of covering your personal property and protecting your family from liability exposures. One of the major misconceptions of Renters Insurance is the apartment complex has insurance coverage for my belongings. That is incorrect! Apartment Complex’s and Landlord’s are not responsible for your property.
Also Apartment Complex’s and Landlord’s are not responsible for your liability exposures. Here is an example of liability exposure: your cooking dinner, the phone rings and you leave the kitchen to find your phone. In the minutes you’re away a fire breaks out in the kitchen. Moments later the automatic sprinklers come on and put out the fire, but the automatic sprinkles can only be turned off by the Fire Department. By the time the Fire Department shows up your apartment is a river. (True story) All the damage that has been done is your responsibility. Without renters insurance you have to pay for the repairs. You’re probably telling yourself that will never happen to me, but what if.
How much is Renters Insurance you ask? On average Renter Insurance rate’s run about a month or 25 cents a day. You could find that under your couch. For such a cheap price doesn’t it seem worth it to protect your belongings and liability exposure’s? I think so and I hope you do as well. If you are currently renting and do not have Renters Insurance. I urge you to call a local Insurance Agent and setup a policy today. Thank you for your time and I hope you found this article helpful.
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