An innocent accident or a freak occurrence can become very costly in more than one way if you do
not have a renters insurance policy on hand.
If you do not
have renters insurance for the items inside your home, you could have to spend thousands of dollars trying to replace everything.
Business travelers who
already have a renters insurance policy will typically receive a limited amount of personal property coverage while they are away from their primary home.
Because
residents have renters insurance, they're able to respond to liability to make neighbors whole or to protect their personal property in the event of a fire or theft loss.
To build an even stronger community, everyone
has renters insurance so that in case of an accident, everyone can make each other whole again.
Having renters insurance means that not only does the claim get paid, but you also have a defense paid for by the insurance company against those claims.
In addition, making sure your college
student has renters insurance is one more way you can help them build good financial habits and understand the value of proper insurance.
It seems like such a small thing, but people who already
have renters insurance tend to be people who take responsibility — exactly what a landlord wants.
However, all of your furniture and personal property belongs to you and, if you do not
have renters insurance then you do not have protection for your things.
While having renters insurance will not stop a natural disaster from happening, it can offer you protection and support during this difficult time in your life.
You can require in your lease that any tenant who doesn't
have renters insurance gets charged a fee every month, due and payable as additional rent.