What People Are Saying
Thanks for making it easy to find the cheapest renters insurance. Knowing our stuff is always protected gives me peace of mind.
Matt and Bethany, Charleston SC
RENTERS LIABILITY INSURANCE
Renters liability insurance is one of two major portions of a basic renters policy. The premium you pay for liability protection provides a wide range of coverage. Covered policy holders can make claims against personal civil cases that could arise out of bodily injuries sustained by guests at their homes and the resultant medical care they might need to treat those injuries. They can also lean on their coverage to come to their aid in certain property damage situations. The value of a renters insurance plan is greatly enhanced by the presence of this area of protection. Personal property coverage is great, and is actually the main reason many people renting a house or condo get insurance. But renters liability insurance is equally important, and its value to your policy should not be underestimated.
Protection in Bodily Injury Claims
Renters liability insurance provides covered policy holders with excellent protection in bodily injury claims that may arise as a result of injuries suffered by guests at their apartment or other rented home. Whether or not an accident is really your fault, in many cases you still carry liability for it expense as the tenant in the home and the host of the injured guest. For example, if you are a student at the local college hosting a small gathering off campus and one of the attendees slips in the bathroom and ends up having to go to the hospital for a cut on the forehead or something more serious, you could end up being held responsible for the cost of medical care and other associated expenses even if you were not in the room and had nothing to do with the fall.
Any time you have anyone over at your condominium or other rental, you run the risk of liability for bodily injury. Renters insurance gives you a cushion against those possible expenses. Your renters liability insurance will step in and provide legal representation in civil cases and advocate on your behalf to minimize the judgment against you; and if there is a decision entered against you, will pay out up to the limits of the renters policy less your elected deductible. It is good to know you are protected in these instances. No one likes to think about these things happening to them, but unfortunate accidents do occur and it is best to be prepared.
Advocacy for Property Damage Situations
Renters liability insurance is also extremely beneficial in covered property damage situations. Especially in family circumstances, this part of a policy can really come in handy. It is impossible to list out all the different possible cases in which this insurance protection may apply. But an illustrative example may suffice. If you are playing catch with your child in front of your townhouse and the ball careens off and ends up breaking through a neighbor's window, the property damage might be sufficient to warrant a civil claim, particularly if the ball does further damage once inside your neighbor's home. As with many of these claims, this is an example of damage done purely by accident; nonetheless you'll quite likely be held responsible in one way or another.
Renters liability insurance helps you prepare for these types of situations that can hit you blindsided. You can never predict what may come to pass. In a large household one of you is bound to do something that might incite the wrath of the neighbors as time goes by. Prepare yourself with a quality renters insurance plan that includes sufficient liability protection to defend you in such circumstances.
Add Value to Your Policy
You can add a great deal of value to your renters policy by making sure to include adequate liability protection to come to your defense in times of need. Renters liability insurance is an area of protection that most all of us would rather never have to think about because we surely hope to avoid having to go through any such situation. Still, it's comforting to know that you are prepared to respond if this kind of thing does come up in your life. Whether you live in a tiny loft or an expansive house out in the country, the risk for being held financially responsible for events beyond your control is very real.
Be ready to take on any liability concern large or small with a quality insurance policy that takes care of you and works as your defender against expenses that could otherwise cripple you economically. No matter whether you're a senior citizen living out your retirement in a rental home or a young adult just getting started, renters liability insurance can take much of the worry away from the idea of living out on your own. Protect yourself with top quality renters liability insurance.