Why Renters Insurance is Beneficial for You

Four reasons why you can’t skip on renters insurance.outside of apartment building

If you are renting a home or apartment, then you need to secure a renters policy to protect your possessions and your personal liability.  Not convinced?  Then here are four scenarios in which having a renters policy will benefit you.

1) Burglary

Even if your rental is in a safe part of town and is equipped with updated safety features, this isn’t always enough to deter criminals.  Should your rental home or apartment get broken into, then your renters policy will offer coverage for the personal items that are stolen or lost.

2) Fire

While your landlord is responsible for the fire damage to your rental home or apartment, they will not offer any compensation for the personal possessions that are damaged or lost.  Fortunately, the personal property coverage included in your renters insurance will pay to repair or replace your affected belongings.

3) Damages You Cause

If you accidentally caused a fire in your apartment that then spread to your neighbor’s unit, then you would be responsible for any damages that they sustained.  Fortunately, the personal liability coverage included in your renters policy ensures that the cost of your neighbor’s repairs and property replacement doesn’t come out of your own pocket.

4) Injured Guests

If a guest injures themselves while on your rental property, then there’s a good chance that you will be held liable.  Luckily, with renters insurance, you can use your personal liability coverage to pay for your guest’s medical treatment and, if necessary, your legal bills.

These are some of the many advantages of having the right renters insurance.  Are you interested in learning more about this essential coverage?  If so, then contact the experts at VGW Walker Insurance in Texas.  We are ready to assist you with all your renters insurance needs today.