5 Reasons Renters Insurance is a Good Idea

Renter’s insurance is important coverage and Abby Glenn~A Quiet Cove wants to equip our Residents with useful and valuable information.  A comprehensive policy is easy to obtain and can provide benefits to help fill in the financial gaps should disaster strike.  Here are 5 reasons you should consider purchasing a renter’s insurance policy.

  1. Your Landlord’s policy does not cover your personal possessions.

The Landlord’s policy covers the building structure only.  You are responsible for protecting your personal belongings like furniture, clothes, and electronics. Renters insurance helps you replace your items in the event of damage or loss.

  1. Your belongings are worth much more than you think.

The average renter owns $20,000-$30,000 in personal possessions.  Sure, your electronics have a higher price tag, but think about furniture, clothing, housewares, and even books or your smartphone.  Those things you’ve accumulated over the years add up to a hefty price tag.  Take an inventory of all the items in your apartment and add up how much it would cost if you had to replace everything ALL AT ONCE.  You’ll be surprised at the total value of your assets.

  1. Renters Insurance protects your property even away from home. 

Renters insurance can extend beyond on-premise theft or hazards.   Did you know that personal property stolen from your car is not covered under your auto insurance policy?  But it can be covered under your renter’s insurance policy.  If you’re on vacation and your suitcase is lost or stolen, your renter’s policy can help with those costs as well.

  1. Protect yourself from personal liability.

Renters insurance gives you medical expense and liability coverage.  What if you’re entertaining and someone is injured while at your apartment?  None of us expect to need medical coverage for our guests, but by definition, accidents are unfortunate incidents that happen unexpectedly and unintentionally.  So protect yourself AND your friends and acquaintances.

  1. It’s Affordable!

Renters insurance can cost between $15-$30/month depending on total amount covered and your location.  Brick structures, like we have here at Abby Glenn~A Quiet Cove, will have a lower rate than buildings with siding.  Also, most insurance companies will give a discount if you have other policies with them, such as auto insurance.

For more information and rates you can contact:

Diana Fisher, State Farm – (256) 325-7283

Tina Mays, with Becky Gordon Allstate Agent – (256) 430-0477

 

 

About abbyglenn

http://abbyglennapartments.com
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