Protecting Your Property
Just because you rent doesn’t mean you should forgo insurance. Remember: your landlord’s insurance covers the physical building you live in, not all the personal property you’ve accumulated over the years. It’s up to you to purchase renters insurance to make sure if disaster strikes, your assets are protected.
If your home is burglarized or damaged, it could prove costly to replace everything you own. By opting for renters insurance, you protect yourself against future loss should your home be impacted by:
Property coverage also extends beyond your home. If your laptop is stolen while you’re on a trip, your renters insurance can still help pay for a new one. Review “Does Renters Insurance Cover Theft?” for more information.
If your home is damaged to the point where you can’t live there temporarily, your loss of use coverage can help pay for you to stay somewhere else. It may cover the cost of a hotel room, restaurant meals, and other expenses that crop up as a result of your forced relocation.