For some people, renting an apartment, condo, or a house is a better option than buying. Some people don’t have the money or the credit to purchase a home. Others move around so much that buying a home just doesn’t make sense. Just because a person doesn’t own their home, it doesn’t mean that they shouldn’t have some protection. Therefore, they should have insurance. There are several reasons that renters should buy a policy from a renters insurance company Urbandale IA.
Protection From Theft
One main reason that a person should have renters insurance is to protect them if their home is broken into. Renters insurance would cover any items that are stolen during the break in. This includes electronics, jewelry, clothing, and any other items of value that were stolen from the home.
Fire and Other Damage Protection
If the building was damaged in a fire or during a severe storm, the owner’s insurance would cover all of the damage to the building. Unfortunately, the owner’s insurance would not cover anything for the renter When a person has renters insurance and any of their property is damaged or destroyed, the insurance would cover all of the items.
Liability Coverage
This is a great type of coverage for a renter to have, as it can save them from paying out a great deal of money if something happens. If someone visits the renter’s home and is injured, it can be either the fault of the property owner or the renter. If it is determined that the renter was at fault, this insurance will cover the cost if the person were to sue. Renters liability coverage would also cover the renter or their family members if they were to cause injury to another person or if they were to cause damage to another person’s property. For example, if a child throws a rock through a neighbor’s window, the insurance would cover the damage.
Additional Living Expenses
If there is a fire or the home that a renter lived in is destroyed or damaged to the point that the home cannot be lived in, it is good to have renters insurance. The additional living expenses coverage would cover housing and living expenses until the renter can move back into their home.
A Renters Insurance Company Urbandale IA can help renters purchase the best policy for their needs. Contact Absolute Insurance Agency for more information.
