What is Renters Insurance?
Basically, renters insurance acts as a homeowners insurance policy for those who rent their place of residence. Whether you live in a condo, apartment, house, duplex, etc., renters insurance can protect you and your assets. Although your landlord covers the structure of the property, he or she does not cover your personal property or your liability if someone is injured on the property.
Doesn’t My Landlord’s Insurance Cover Me?
NO! Do not make the mistake of assuming your landlord’s homeowners insurance will cover you and your assets. A landlords policy covers only the physical structure of the rental property, not your belongings. If the person who owns the building has rental insurance, they will be protected from costs to them should something happen to the building, but they are not responsible for covering your belongings.
The Next Step…
Purchasing renters insurance ensures that your property is protected. Don’t make the mistake of thinking you are invincible; you do need insurance for your belongings, even if you live in a rental property. You are the only one who is responsible for protecting your assets. Contact The Buren Insurance Group, Inc. today for more information and fill out our free renters insurance quote form!