When it comes to renters insurance, many people just don’t think they need it. They may think it’s expensive, and they don’t understand the importance of having coverage. These are myths that we will try to dispel.
First, many believe the landlord’s insurance will cover their personal property. That is not true. The landlord will have coverage to protect his property but not yours. In case of a fire, flood or other disaster, you would suffer the loss.
When you consider your clothing, furniture and electronics you may be surprised with how expensive it would be to replace those items. Take a quick look in your closet and dresser and consider how much you have invested in clothes and shoes. It can be staggering.
Some renters don’t seek out coverage because they may believe it is too expensive. The reality is that renters insurance can be acquired for less than $20 per month. Bundled with other coverage it may even be cheaper.
Renters insurance can cover your property in case of loss due to theft, and it can cover you when traveling. It can also include liability coverage to cover your guests or delivery persons.
If you would like to know more about renters insurance, life insurance, auto insurance or any form of personal and business insurance, contact us. We are Reta Insurance Agency of Worth, Illinois and we would be glad to serve you.