Being a renter it might not cross your mind to get renters insurance. But, it is crucial to equip your valuable belongings with protection from unforeseen risks.
Regardless if you live in a suburban rental condo or in downtown Columbia SC,, it's essential to have renters insurance. Most of the time, people believe their personal possessions are insured under their landlord's policy. Nevertheless, this is a common misconception.
Landlord's insurance generally covers the building and any appliances or fixtures. However, it does not protect the renter’s personal items in the event they come under harm or theft.
That is to say, if a potentially damaging event like a fire, theft or flood occurs, the cost of replacing those items will be on you, unless you have insurance for renters.
Purchasing renters insurance can also ensure protection from liability claims. Let’s say, if a guest gets hurt while visiting your rented home and decides to sue, your insurance can help cover the legal expenses click here and potential payouts.
To sum up, renters insurance offers much-needed protection for tenants, and is an investment worth considering. No matter your renting location in Columbia, SC, it’s certainly feasible to protect your belongings with the right renters insurance.