Why You Need Renter’s Insurance
This blog was written in partnership with Nuera Insurance
Do you need renter’s insurance? The answer to that question is yes. Although renter’s insurance is a topic debated by many, the importance of it far outweighs the doubt surrounding it. There are a few reasons why you need renter’s insurance, and they don’t all have to do with a freak house fire. Some of these reasons are simply because renter’s insurance is required when signing the lease. Renter’s insurance is so important to have and will benefit you long-term in ways you just have not thought of yet! Renter’s insurance is affordable and worth the investment, as it can save you money and time in the future. Here are the main reasons why you need renter’s insurance.
What Does Renter’s Insurance Do?
It is important to know what renter’s insurance is. When you sign an agreement for a rental, the losses to the building are covered by your landlord’s insurance. Although this may cover the cost of the building, it does not cover your personal items. In order to have your belongings covered, you must have renter’s insurance. This therefore ensures that liability is not laid upon you when an accident occurs. Renter’s insurance companies like Nuera Insurance offer unique insurance to protect you from any losses. Nuera covers a variety of incidents, including break-ins, sewer back-up, or identity theft. Having renter’s insurance allows you to be confident that if ever an accident were to occur, you would not be liable.
Why do I need Renter’s Insurance?
There are a number of reasons why you would need renter’s insurance, besides the obvious choice of wanting to take precautions:
Renter’s Insurance is a Requirement
In many cases, landlords will request that you purchase renter’s insurance before renting. Although having renter’s insurance isn’t required legally, most landlords will ask for proof of your renter’s insurance policy before the process is complete. The reason many landlords ask for renter’s insurance, is because they want to ensure you are personally liable for your own contents. Many tenant insurance policies will cover up to $2,000,000 for you in cases of injury or damage.
Renter’s Insurance Covers Your Belongings
If you take a long hard look around your space, you will be amazed at how much stuff you have and what it is worth. Big items, of course, cost the most (television, furniture, laptops, etc.), but there are also the necessities you need for day-to-day living (clothing, appliances, bed, etc.). The numbers are overwhelming if you start to count up the total value of your belongings. If you did not purchase renters insurance you would be responsible for replacing all of those items out of pocket. Whereas, with renters insurance, the replacement cost will cover all those items and ensure they are replaced with similar value and quality.
Renter’s Insurance Helps You When You Need to Leave
Sometimes, in unfortunate circumstances, you may be required to leave your rental space. This can sometimes happen if there is a fire, flooding, etc. No matter what the reason, it is an inconvenience to have to pack up your stuff and find a place to live in the meantime. Luckily, another benefit to renter’s insurance is that they will assist if you are ever forced to leave your home. Renter’s insurance policies will cover additional living expenses. Wherever you end up staying (hotel, inn, etc.), they will pay for that time you are away from home.
Renter’s insurance is beneficial to ensure you are not liable when the unexpected occurs. It is there to guarantee that during this time of inconvenience you are taken care of. Renter’s insurance, contrary to popular belief, is affordable and beneficial. With Nuera Insurance, you can manage your account easily online and feel comfortable that you are covered. Don’t take the risk of liability, get renter’s insurance today and let the stress slip away!