Two Reasons Why You Should Carry Renter's Insurance
When you're renting a new residence, you may not think that it's important for you to obtain renter's insurance. You may believe that since you don't own the property, you may not see the value in spending your hard earned money to protect it. However, carrying renter's insurance is a wise decision for many different reasons. Learning more about the benefits of getting renter's insurance will help you see why it's so important for you to pick up this vital coverage as soon as possible.
You May Need Loss Of Use Coverage
One of the most compelling reasons why you should obtain renter's insurance is because it may offer you the loss of use coverage. This can be a lifesaver if an emergency occurs and you're short on cash.
For example, there may come a time when it is so cold outside that one of the pipes in your home bursts. Not only could some of your property be damaged, but you may also find that you have to leave the premises while the landlord makes repairs to the structure of the home. If you don't have any extra money to pay for a hotel, you may either have to call family and friends to ask for a place to stay, or even be forced to sleep in your car.
You don't want to find yourself in this situation. When you have renter's insurance, you can purchase a policy that includes loss of use coverage. This portion of the policy will provide you with a set percentage of your monthly rent that you can use towards getting a hotel room in the event of a covered incident.
You Need Extended Theft Coverage
Another reason why you should obtain renter's insurance is because you need extended theft coverage. Extended theft coverage protects the belongings that are in your car or in a trailer. This is vital, especially if you only carry liability coverage on your car.
Liability coverage only protects the other party in a vehicular accident. If your car is burglarized and someone takes expensive things from your car, the extended theft coverage portion of your renter's insurance policy may assist by helping you get your items replaced.
Getting renter's insurance (from an outlet such as Zimmer Insurance Group) is one thing you can do to increase your peace of mind as you get settled into your home. Take out a renter's insurance policy today so you can enjoy these benefits and many more.