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
WHY DO YOU NEED RENTERS INSURANCE
Many renters in all kinds of different living situations understandably wonder why they need renters insurance for their home. It is perfectly natural to ask this question. After all, one of the advantages of renting over buying is supposed to be the way we save on insurance costs as renters. Whether you live in an apartment in the city or a large house out in the country does not matter in the context of this question. Renters insurance is an important asset for all of us who rent, even though it is optional. The protection it provides is well worth the cost of a policy. Being protected with a renters insurance plan can give you peace of mind when unexpected events occur. Most of all, you know your family is taken care of when you have a solid renters policy in hand.
Rental Coverage a Great Asset
Renters insurance is strictly an optional form of protection. There is no law stipulating that you have to have it, and no one will come and write you a ticket if you do not have it. Even so, it is a tremendous asset to have for any renter. If you are a student attending college and living off campus in a small loft, you are getting your first taste of freedom. It is a great feeling being in charge of yourself and having no one else to answer to. But with that freedom comes an equal share of responsibility. You need to make sure you are protected in as many ways as possible. There are so many things that can go wrong in the lives of renters; it is a shame to not take advantage of an affordable insurance plan that protects us like no other.
Getting renters insurance shows responsibility. It also shows a concern for not only your possessions, but your overall financial stability and well being. As a young college student you probably do not have much in the way of personal assets, but you need to take care of what you do have and show that you can be counted on to make mature adult choices. The patterns you set now will be easier to maintain once they become habits. If you take care of a little, you will be much more likely to take care of a little more when you get older.
The policy premium for renters insurance is usually relatively small, often only a few hundred dollars a year depending on where you live and how much coverage you need. This is good news for renters of all ages, from students to seniors. A senior citizen enrolling in a renters insurance policy needs this insurance protection to protect her living legacy and to be her advocate while she is at home and away. When you travel as a senior, you want to know the things in your condo are being taken care of. There is too much to do in your retirement to waste time fretting over your stuff back home. Renters can be rest assured that their belongings are covered when they sign on for quality renters insurance protection.
Protection Brings Peace of Mind
Protection brings peace of mind. When you are protected, you know you do not have to worry because you have an insurance plan in place to jump in on your behalf if anything ever happens in your condominium. Peace of mind is a powerful thing. It is one of the primary benefits of coverage. The specific stipulations of a policy are great, but the way they allow you to live your life without worry is even better.
If you and your family live in a large townhouse in the city, chances are you have a lot of personal property filling that home from top to bottom. When we have kids, as they grow older it seems as though their possessions multiply. The need to protect what you've got gets more important as your family grows. Having to deal with a property loss while there are only two of you is one thing. Going through this sort of circumstance with a houseful of kids is another entirely. Once you have kids you have a greater responsibility to provide for the physical needs of other people. Kids are more resilient than we might think, but there is no reason to test their strength when we can provide a renters insurance plan to take care of them.
Renters Insurance Safeguards a Family
Renters insurance safeguards a family. You can rest easy knowing you will not have to kill yourself trying to start over with no money, no home, and no prospects if you go through a house fire or some other substantial loss. You do not have to worry about liability possibilities either with the liability insurance included in a renters policy. Renters insurance does a great job of protecting you as a policy holder from multiple angles, delivering excellent benefits for a low price.
Even just the threat of litigation stemming from a liability incident at your rented home illustrates the importance of insurance for renters. If you do not have any renters insurance and an accident happens involving you or one of your children, and someone ends up coming after you for big money, you might not be in a position to withstand the financial pressure. Even in cases where the defendant in these cases had insufficient assets to cover the claim, big judgments have been passed, rendering the liable party unable to function financially for years. Just getting into a good family liability insurance policy can save you from this worry.
Not only will renters insurance liability protection pay out on your behalf, it will also often prevent any kind of extended litigation at all. In most cases your insurance company's representatives will work to negotiate a settlement as advantageous to you as possible, saving you from having to be directly involved for the most part. The representation can mean as much as the financial backing.
A rental policy in its basic form offers both personal property and personal or family liability coverage. The combination of protection gives this type of policy tremendous value. There is no law stating that you have to have insurance protecting you as a renter. This type of plan is strictly optional. Many eligible individuals do not carry coverage for one reason or another. Some do not believe they can afford it; but a quick survey of prices will reveal that this is far from true. Others do not think they need a renters policy because their landlords policy will cover everything. Again, this is an inaccurate and dangerous assumption. Still others do not even know that there is such a thing. Knowledge is power in your life as a renter as much as it is in any other situation.
Renters of all ages and situations can greatly benefit from getting a policy that protects them in a variety of ways. As a renter living in an apartment, condo or other dwelling, you need renters insurance to give you the kind of protection you cannot get from any other plan.