Of all the expenses to consider when preparing to move into a new apartment, is renter’s insurance should be at the top of the list. This necessary, yet inexpensive purchase will protect you and your possessions while you’re living in your new home. Apartment insurance is easy to acquire and will promise you peace and security when the unexpected happens. There are many reasons an apartment occupant should carry renter’s insurance. It’s important you be informed and prepared.
You need to protect yourself financially. If someone breaks into your apartment and steals your phone and laptop, you will need coverage. If there is a water leak and your favorite couch is ruined, you will need coverage. If there is a fire, and it’s started by another tenant in a different apartment, you will still need coverage. And believe it or not, even if there is damage from Mother Nature, a flood, a windstorm or a disaster, you are financially responsible for replacing your possessions.
Your Landlord’s Insurance Will Not Protect You
The property owner of your apartment most likely has a great insurance policy. But it is in place to protect the owner and not the tenant. His or her insurance will protect the property, but not your stuff. That’s why you need to be proactive and responsible.
No one can predict an accident. If you cause an accident that results in bodily injury or property damage, you can be held responsible. You need to protect yourself ahead of time because the truth is, had things can happen and you need to be ready.
Renter’s Insurance Is Cheap
The good news is that it is easy and inexpensive to obtain renters insurance. With one phone call you can protect your belongings responsibly. Most all insurance companies carry this wanted policy.
If you must move out of your apartment because of a disaster, your apartment insurance will actually pay for you to stay in temporary housing for up to a year. It will even cover living expenses and the cost of replacing your possessions.
What’s Typically Covered?
- Fire & Smoke
- Snow and Sleet
- Aircraft and Ground Vehicles
- Hail & Lightning
- Any Civil Disturbance
- Damage from electric surges
- Water damage from utilities
- Falling Objects
Many renters don’t realize they have a need for this important insurance. But they do. Renter’s insurance makes sense. Do your research and know exactly what is covered. Insurance companies will be glad to give you a quote, so it doesn’t hurt to shop around. Once you have your insurance in place, you can easily move into your new apartment with ease and peace of mind. Don’t move in without it. It’s your stuff and it’s your choice.
by Trevor Henson | on June 26, 2012