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Why renters insurance is a smart choice

Why renters insurance is a smart choice

Thinking about getting renters insurance? Well, it surely is a smart choice that could save you a lot of trouble. Generally, insurance policies cover a wide array of mishaps from natural calamities to personal injuries and liability claims. In addition, renters insurance comes in extremely handy when having to deal with with robberies or vandalism.

Many people make the mistake of thinking they are protected under the landlord’s policy which is generally not the case. The loss of the tenant’s personal property and the cost of replacing damaged possessions fall solely under the responsibility of the tenant. A Houston woman learned it the hard way as her Heights home got devastated by mischievous crooks who stole everything from electronics to bed sheets.

Insurance Not Risk

The woman, who had no renter’s insurance, turned to social media and Craigslist to try to get some of her things back, or at least locate the instigators.

To make sure you stay protected and minimize the damage in case of an unfortunate event, you might want to consider purchasing renters insurance.

Basic renter’s coverage typically provides funds to repair or replace assets that are damaged or stolen from your home as well as liability protection if you are held responsible for injury to another person. Additionally, rental insurance can provide you with temporary living expenses if your apartment becomes uninhabitable due to a covered event like smoke or fire.

When considering renters insurance, never underestimate the contents of your home. Even if you don’t own valuable items like jewelry, collectibles or fine art, the value of your apparel, small appliances, electronics, furniture or other personal belongings can really add up. Just think, what if you had to replace all of that straightaway, out of pocket?! That can be tough on anyone, not just Racheal Collins. The Houston thieves grabbed everything they could lay their hands on from her home, scores of electronic games and movies, an iPad and charger, as well as two TVs, including a $3,000, 72-inch television.

“I had actually made a payment Thursday and it was gone on Friday,” Collins told Kens5.com. “I have been paying on it for almost three years.”

“Who takes bed sheets? Who takes pillowcases? Like I had nothing to sleep on,” she added. “It was a nightmare. It was completely terrifying.”

The ResidentShield Renters Insurance Plan gives you peace of mind knowing that you are covered in case of such unfortunate happenings.