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Why do I need renter’s insurance?
Most apartment complexes and landlords only have insurance that covers the damage to the actual dwelling, which leaves everything of yours—electronics, furniture, clothes, whatever—vulnerable. So, to protect your belongings in case of fire, theft, or damage, a sewer backup, hurricane, tornados, or other event that would damage your belongings, you need your own policy.(Unless, of course, you have the funds to replace everything yourself!)
You will also need liability coverage for damages caused by negligence; your’s or maybe someone visiting or someone there to fix something. For instance, if you accidentally leave the bath tub filling and it overflows into your neighbors’ apartment, you could be found liable for that damage—and required to pay for repairs, medical bills related to the accident, as well as defense costs if they bring a suit against you. Renter’s insurance would cover those costs.
We hope that none these things ever happen to you, but it is better to be prepared then to be sorry later.
Many Landlords are require Renters Insurance before tenant can occupy an apartement. Renters Insurance is not overly expensive and it sure beats having to pay out of pocket when you have to replace everthing due to damage to the building. When planning to purchase Renters insurance you will need to consider your value of your personal property. The average if between $30,000-$50,000.00. You'll need to consider some additional options for insurance for these items:
Deciding how much renters insurance you need shouldn't be a headache, we can help make it easy and we are always happy to answer all your questions. At Preferred Insurance Solutions we are happy to help guide you through the process. Call us today.
“ I am so glad I was able to switch my insurance back to Preferred Insurance Solutions because the level of customer service is amazing alone, I will be recommending you to anyone looking for insurance.”
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“I have decided to stay with Preferred Insurance Solutions. Perosnally you had a lot to do with my decision. Thank you for being os responsive and professional whenever I needed something. I would like to move forward with the updated policy with spoke about yesterday.”
“ ... I would like to commmend Ms. Kimberly Payne for her high quality customer service and profesionalism. She was always resposnsive, reliable and willing to provide support whenever I called upon her. She is such a stron assest t your team and I appreciated the chance to have worked with her as my agent. Ms Payne is a stellar agent and I hope towork with her again in the future. ”