07 Feb 2019
Why Renters Need Insurance

Why renters should invest in insurance.

If you are renting a home, then you do not have to worry about the physical structure of your home or apartment.  However, this does not mean you are completely absolved from all responsibility.  You are still responsible for all of the personal possessions you bring into your rental and all the liability risks that take place on your rental property.  This is why it’s so important to have the right insurance coverage to protect yourself and your assets.  Here’s what you need to know about securing the right renters insurance to meet your needs.

What does renters insurance cover?

As previously mentioned, renters are not responsible for the physical structure of their rental property.  This is why renters insurance does not offer coverage for the physical damages that your property might sustain.  However, your renters insurance will offer coverage for your personal belongings and your personal liability.  For instance, if your couch was damaged due to a leaky pipe, then your renters insurance would offer coverage to repair or replace it.

Do I really need this type of insurance?

In some cases, your landlord may require you to carry renters insurance before allowing you to sign the lease agreement.  Even if your landlord does not require you to carry this coverage, you should still secure it.  Renters insurance is the best way to protect your belongings and ensures that you do not get into a costly legal battle.  Additionally, as one of the most affordable forms of insurance out there, you could get the protection you need for mere dollars a day.

This is why you should secure renters insurance.  Are you looking for the right renters insurance in Richardson, Texas?    If so, then contact the experts at Patterson & Associates for assistance with all your coverage needs today.