Your Stuff Might Be Worth More Than You Think
Because you’re a renter and not a homeowner, you might believe you don’t need renters insurance; you simply don’t have enough assets—or so you believe. For most people, this simply isn’t true. Unfortunately, many renters simply don’t realize how much they stand to lose.
For example, the average tenant owns more than $35,000 worth of personal possessions, most of them kept in the rental unit. And $35,000 is an average. Many tenants own significantly more, others own substantially less. And it’s a given that landlord insurance won’t cover any of your possessions.
If an unexpected disaster destroyed all your stuff, do you have $35,000 in liquid assets to buy replacements? What about $20,000 or $25,000 in cash? How about $50,000 or more in cash?
If you answered "no" to these hypotheticals, it’s time to buy renters insurance or maybe, to increase your coverage amounts!
What Does Renters Insurance Cover?
A good renters insurance policy will protect most, if not all your valuables. Proper renters coverage will reimburse you for losses incurred from unexpected disasters. Those monies make it easier to recover and get back to life-as-normal. A Panama City, FL renters insurance policy from Harry Grizzle Insurance protects you from fires, wind and hailstorms, lightning, theft, and other unanticipated mishaps, including aircraft and motor-vehicle accidents—even riots. If you answered "no" to these hypotheticals, it’s time to buy renters insurance or maybe, to increase your coverage amounts!
What is Excluded from My Insurance Policy?
Like other insurance policy types, renters insurance also excludes coverage for specific event types:
• Earthquakes and mudslides
• Natural deterioration and neglect
• Bird, rodent, insect, and domesticated animal damage