There are lots of great reasons to rent a home, condo or apartment from both an economic standpoint and an ‘ease-of-use’ standpoint as well. However, there is some confusion as to what renters insurance is and why you should have it. Here are a few quick facts:
– The property insurance the landlord or apartment manager pays only covers their property. This does not include your property. Without renters insurance, you have no financial protection at all.
– In order to receive any financial compensation due to theft, fire, water damage or other ‘normal’ issues, you have to have a separate renter’s policy with your own schedule list.
– Natural disasters such as forest fires, floods, earthquakes, hurricanes/tornados, floods and others are not covered by your landlord or apartment management and may not be covered by basic renters insurance. Check with your agent to see if a rider policy is needed for additional protection.
– Most often, renters insurance is available at extremely affordable pricing, especially when bundled with other policies such as your auto insurance.
If you live in the Worth, Illinois area, Reta Insurance Agency is the best place to go for a quote on renters insurance. Give them a call today so you can have the financial protection you need, especially since, if you rent, you don’t have any fiscal protection for your belongings if you don’t!