When it comes to our home, it is important to ensure that not only our family is safe but also the things that matter most to us. These could be keepsakes or awesome electronics we couldn’t bear to part with. Renters insurance is a great way to cover your home, family, and belongings in case of a disaster. Here are seven reasons why renters insurance should be on your list.

1. Personal Property Damage or Theft

One of the biggest and best parts about rental insurance is that it covers most personal property from damage or theft. This doesn’t mean that every toy you purchase will be covered under insurance. However, if there is a fire or your home is broken into, your insurance will work with you to ensure that all claimable items are replaced or you are compensated for them.

2. Cover The Damage You Cause

Some renters insurance policies will include the damage caused to the home you live in by you. This can come in handy when you’re faced with hefty fines from your landlord when you accidentally cause large amounts of damage to the property that would otherwise be unaffordable.

3. Protect Your Guests

The renters insurance policy doesn’t just protect your home and property, it will also protect you and your guests. This means that if grandma comes over and falls and hurts herself, you can rush her to the hospital without worry because your insurance will be there to help you. Always pay careful attention to your policy details to ensure you have the necessary coverage.

4. May be Required by Landlord

Some states and landlords require that you keep renters insurance for the duration of your stay. This ensures that any damage or loss that may occur is covered and, of course, you are kept safe.

5. Travel Protection

Travel. That’s right; your renter’s insurance policy can cover you and your property while on vacation. Of course, all levels of coverage differ, but when utilized effectively, your policy can protect the same on the road as it does at home. Theft, damage, you name it, it’s covered.

6. Additional Living Expenses

Additional Living Expenses is a coverage option for most renters insurance policies that will compensate you for the time you cannot live in your home. This could be because of a disaster, repairs, or whatever the case may be.

7. Affordability

On average, the policy cost of renters insurance is about $15/month, or just a little over $180 a year. That is nothing compared to the peace of mind it provides for you, your family, and your landlord.

No matter your scenario, renters insurance has proven worth the investment to protect your family and belongings. Buckeye Northwest Realty is always here to help. If you have any questions, please get in touch with us today!