Call Us (941) 639-1122 ☰ ˟
Logo
Call Us (941) 639-1122
  • Home
  • Coverage
    • Automobile
    • Business & Commercial
    • Collision
    • Commercial Auto
    • Comprehensive
    • Flood
    • General Liability
    • Homeowners
    • Hurricane
    • Motorcycle
    • Recreational Vehicle
    • Renters
    • Umbrella
    • Watercraft & Boat
    • Workers Compensation
    • Youthful Drivers
  • Get a Quote
    • Automobile
    • Business & Commercial
    • Flood
    • Homeowners
    • Motorcycle
    • Recreational Vehicle
    • Renters
    • Umbrella
    • Workers Compensation
  • Blog
  • Resources
    • Life Changes to Notify Your Agent About
    • Refer a Friend
    • Insurance Glossary
  • About Us
    • About Nolan Family Insurance Agency
    • Location Map
    • Employee Directory
    • Privacy Policy
  • Contact
    • Contact Us
    • Join Our Newsletter
Home > Blog > 3 Big Reasons to Buy Renters Insurance
THURSDAY, DECEMBER 1, 2022

3 Big Reasons to Buy Renters Insurance

Renters insurance isn't always something people seek out. It seems like an expense you may not want to have. However, there are some key benefits to having this type of insurance in place. The most obvious reason is that your landlord's insurance isn't going to cover your own property in the event of a fire or flood; plus, your landlord’s insurance will not provide you with protection should someone get injured within your apartment. Beyond this, there are several key reasons why you don't want to put off purchasing renters insurance. 

#1: Renters Insurance Offers a Significant Amount of Protection 
Most renters don't realize the amount of risk they face that isn't specifically covered under a property owner's policy. But renters insurance can help cover many types of risk, including: 

  • Fire or lightning For Rent sign
  • Ice, snow and sleet 
  • Damage from interior water-related incidents, such as from broken pipes 
  • Smoke 
  • Theft 
  • Vandalism or malicious mischief 
  • Damage from aircraft or vehicles 
  • Explosions 
  • Falling objects 
  • Hail and windstorm damage 

It’s important to look at your policy to see what specifically is listed. Some policies have specific exclusions too, such as for floods and earthquakes. 

#2: You'll Appreciate the Liability Coverage 
Renters insurance provides liability coverage to you. This includes instances when someone else is hurt as a result of your actions or inactions. These legal expenses can be very high otherwise. Many policies provide up to $100,000 (but this will range depending on your policy), plus more for medical payments coverage. You may also want to consider an umbrella policy that can further extend your coverage. If someone falls or trips on a cord and is seriously hurt, you'll appreciate this component of your policy. 

#3: It Can Help When You’re Traveling 
Renters insurance is also helpful because it can help cover your personal belongings while you are traveling. This includes your belongings within your home or car. If you face a theft loss, for example, from your car, this policy can help cover it. Be sure to check exclusions for this specific need as well. 

Renters insurance is sometimes required by landlords. Even when it is not, it can be a worthwhile investment for renters. 

Posted 6:46 PM

Tags: renters insurance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2023
  • 2022
  • 2021
  • 2020

  • auto insurance(8)
  • renters insurance(8)
  • home insurance(8)
  • flood insurance(6)
  • recreational vehicle insurance(5)
  • rv insurance(5)
  • motorcycle insurance(5)
  • boat insurance(5)
  • homeowners insurance(4)
  • umbrella insurance(3)
  • florida auto insurance(2)
  • bop insurance(2)
  • business owners policy(2)
  • insurance(2)
  • professional liability insurance(2)
  • business insurance(2)
  • renters(2)
  • auto insurance premiums(1)
  • umbrella coverage(1)
  • replacement cost value(1)
  • general liability insurance(1)
  • boat(1)
  • bop(1)
  • tips(1)
  • damage(1)
  • commercial property insurance(1)
  • requirements(1)
  • coverage(1)
  • small(1)
  • flood(1)
  • watercraft(1)
  • car insurance(1)
  • umbrella policy(1)
  • personal umbrella insurance(1)
  • commercial property(1)
  • commercial general liability(1)
  • home(1)

View Mobile Version
The Hartford
Progressive
Safeco
Tower Hill
Frontline
Travelers
Cypress
Universal Property & Casualty
Home| Get A Quote| Blog| About Us| Contact
100 Madrid Blvd #111 | Punta Gorda, FL 33950
P: (941) 639-1122 | nolanins@hotmail.com
Facebook Icon Twitter Icon Google Icon LinkedIn Icon Instagram Icon
Logo

Powered by Insurance Website Builder