Renter’s Insurance Basics

Although you do not have all the same responsibilities when you rent a home as you would if you were a homeowner, you still have the responsibility to protect all of your assets with the right renter’s insurance policy. There are many reasons that you should invest in a renter’s insurance policy, including:

• The cost – renter’s insurance policies are much less expensive than typical home insurance policies, costing only around $15 a month. For less than $20 a month, you can rest assured knowing that all of your assets will be protected with the right insurance coverage.
• Your landlord will not have protection – even though your landlord will have insurance coverage for your home, it will only provide coverage for the structure of your house, not for any of your belongings that you keep inside. The only way to protect your assets is to invest in your own renter’s insurance policy.
• Your assets – even if you do not think that you have anything that is worth protecting, you probably do. Consider the cost of your flat screen TV, laptop, or entire wardrobe. If you do not have the financial means to replace all of your personal possessions after a disaster, investing in a renter’s insurance policy can help to ensure that all of your belongings are able to be replaced.
• Liability coverage – renter’s insurance will also provide liability coverage, which will pay for any medical bills that are associated with an injury at your house. It will also provide financial coverage in case the injury leads to a lawsuit.

Contact the insurance professionals at Martplan Insurance Agency in La Habra, California for all of your renter’s insurance needs. We will work with you to ensure that you have the right amount of coverage that will give you the peace of mind that you deserve.