Are you renting your home? You may believe that by renting you do not need to invest in house insurance, but you might want to think again.
Your landlord may have an insurance policy, but it probably only covers the structure of the house.
Of course, this means that any items within the home are not insured by the landlord, and the renter needs to get them insured.
By getting home renter's insurance, all of the items within your apartment will be protected from loss and damage which can include fire, flood, or theft.
If you're wondering what personal property is, it is any furniture, clothes, appliance, gadgets, or jewelry you own.
This includes small electronics such as iPods or laptops.
I'm sure we can agree that this stuff will add up to thousands.
If these were to get destroyed in a fire or other accident, would you be able to replace them? That is the point for home renter's insurance.
There is quite a large different array of situations that may be covered by home renter's insurance.
These depend on the area you live in, but some common ones include fire, smoke, earthquake, theft, or even lightning.
The terrific thing about home renter's insurance is the fact that you may actually get more than you thought you would.
If the items within your apartment are destroyed, you will receive an amount of money which is equal to the value of the item.
This means that even if a laptop was twenty-five hundred dollars, and decreased in value over four years, you will still receive the original twenty-five hundred dollars.
The insurance will actually even cover the medical expenses or defense expenses if you are sued from someone being in your apartment and getting hurt.
Renting is convenient for many individuals; however, we must remember that without proper protection we will still get burned.
Always ensure you have the proper insurance, and that your belongings are covered is anything should happen.