When it comes to inventory systems for their personal belongings, 49% of homeowners are reported to have one, according to Policygenius. Inventory systems are also important for folks with rental insurance. Let’s take a closer look at a few of the reasons why this type of insurance is so important.
Landlord Insurance Won’t Cover Your Belongings
Many people fall into the trap of thinking that their stuff will be covered by their landlord’s insurance policy. This is not the case! Your landlord’s insurance will cover the building structure, the roof, and any common areas inside and outside, which means that if there’s an accident, you’ll need to have your own insurance policy to help you replace the belongings lost in a covered event. Make sure that you have the protection you need for your personal belongings.
If Your Belongings Are Damaged or Destroyed, Rental Insurance Will Help You Replace It
Covered events, the catastrophes covered by your renter’s insurance, can cause loss and damage to personal belongings. Without the right insurance coverage, it can be your financial responsibility to replace any lost items. No one wants to have to come out of pocket for expenses that could be covered by the right renter’s policy. Personal articles can also be covered with supplemental riders if the items exceed the maximum single-item allowance. There is a wide range of policies available that can provide the protection you need.
With Many Policies, Your Belongings Are Covered, No Matter Where They Are
Many renter’s policies provide coverage of your belongings no matter where they are, which means that if your laptop is stolen on vacation, it’s covered. The same is true if you ride your bike over to a friend’s house and it’s stolen. Robust coverage like these examples allows anyone who suffers from a loss or theft to replace the items through an insurance claim. If you want to have comprehensive coverage of your personal belongings, no matter where you are, then it’s time to look into renter’s insurance. Find out more today about how having the right insurance in place can help you recover from a loss without having to face financial liability and responsibility.
Is it time for you to get renter’s insurance? We’re here to help with all of your insurance needs. Call or stop by our office today to learn more about the insurance services that we provide!