In a survey, 52% of millennials said they don’t have renters insurance because they (wrongly) believe their landlord’s insurance will cover their personal property.
Don’t be fooled into thinking that you’re covered under your property’s policy or that someone else will take care of the damages if it isn’t your fault.
KEEP YOURSELF PROTECTED!
Advantages of renter’s insurance—
- Renter’s insurance covers more than stolen property
In addition to liability protection and reimbursement for stolen property, renter’s insurance provides coverage for damage caused by fire, lightning, smoke, windstorms, hail, and vandalism. Renter’s insurance also will cover your living expenses if you have to relocate during repairs.
- Without renter’s insurance, you face liability
Renter’s insurance can help cover your legal costs and the injured person’s medical bills, but without it, you’re on your own. Personal liability protection covers unintentional bodily injury as well as property damage.
A small fee could keep you from big penalties for not having renter’s insurance in emergency situations. Prepare for the unexpected.
Check out more facts about renter’s insurance here!