Why Renters Should Purchase Insurance
If you rent a home, condominium, or apartment and don't have renters insurance, you're flirting with financial disaster.
Without renters insurance, you have no protection for your valuables if they are stolen or damaged by fire or other disasters. Approximately 54 percent of renters today have no insurance to protect their possessions.
To understand why renters insurance is a wise investment, simply add up the total cost of everything you own. If you can't afford to replace these items at a moment's notice, you should consider purchasing a renters insurance policy.
Renters insurance will cover most of your personal belongings against fire/smoke, lightning, vandalism, theft, explosions, and other disasters, as well as additional living expenses if you are forced to move. Finally, it will provide liability coverage if someone is injured in your home. It also includes legal costs in the event you are sued for this injury.
Unlike other personal property policies, renters insurance is relatively inexpensive, ranging from $65 to $225 a year depending on the type of coverage and where you live.
Call us at (626) 839-6061 to determine how much coverage you need or how to take an accurate inventory of your personal possessions.
We are pleased to provide this "Bulletin" as a service to you. While this information was obtained from sources believed to be reliable, its accuracy is not guaranteed. It does not change or alter insurance contracts or coverages.
License # 0655631
Tech Topics