You might be asking yourself – what is renters insurance and why should I pay for it? Unfortunately, there is a common misconception for renters that they don’t really need to carry this insurance and that it has no value. Unless you have ever been in the unfortunate situation of having to make a claim, you might not fully appreciate this as a necessity.
Below are three reasons why every tenant should have a renters insurance policy:
Reason #1: Renters insurance covers your personal property – If you stop and think about everything you own and assign a dollar value to all of your possessions, it will probably surprise you how much you own. A renters insurance policy will help replace your items in the event of theft or destruction by a fire.
Reason #2: Renters insurance covers liability from negligence – Consider this scenario…it is a windy day and you don’t have the time to sweep the driveway. An individual slips and falls and breaks a bone. Since your negligence caused the injury, you are liable for all of costs associated. Another situation where renters insurance would be critical is if a fire was caused by the tenant’s negligence. This would also result in the tenant being responsible for the cost of replacement of the home, which many individuals would not be able to cover without renters insurance.
Reason #3: Renters insurance covers additional living expenses – Have you ever thought about what you would do if a fire or natural disaster made your current rental home un-livable? Renters insurance will help pay for your living expenses under this scenario. As a tenant, this peace of mind can be priceless.
If renters insurance is something that you may be interested in, I would recommend contacting your local insurance agent for more information.
If you are tenant that is interested in renting a home in Morgan City or Thibodaux, please consider renting from JJR Holdings. Search available rental properties in Morgan City and Thibodaux by clicking here.