Renting a home, no matter if you are just getting out of college or moving in with a close friend is a great way to have a place to call your own. Whether it is a house or an apartment, renting a home comes with many of the same responsibilities as owning one, including making sure that you are protected with the right renter’s insurance policy.
Even though your landlord will have an insurance policy for your home, it will only provide coverage for the actual structure of your home, not for all of your belongings that are kept inside. Investing in a specific renter’s insurance policy is the only way to ensure that you and your assets are protected. Most renters’ insurance policies will also provide liability and medical coverage in case a visitor is injured at your home.
While you may not think that you have anything worth covering, especially if you are just starting out, chances are you do. If you have a game consul or flat screen TV, the renter’s insurance policy will provide protection in case any items are stolen or damaged. If you do not have a renter’s insurance policy, you will be left paying for the repairs or damages out of your own pocket.
Typical renter’s insurance policies provide enough coverage for one person’s belongings, so if you live with a roommate, make sure that you both invest in your own policy. Renter’s insurance policies are one of the most affordable insurance policies, usually only costing around $30 a month.
For all of your Northern California renter’s insurance needs, contact the insurance professionals at Agers Insurance Services in Oakley. We will work with you to ensure that you have the right amount of coverage, all at the right price for your budget.