Most renters are under the impression that their landlord has insurance that will cover their property in the event of a loss. This is entirely untrue. A landlords insurance policy only covers the building and items owned by the landlord. None of your personal property is covered in the event of a loss.
Can you afford to replace all of your clothes, electronics and furniture? The answer is most likely no.
On average a renter has over $35,000 in personal property.
Almost two thirds of renters do not have insurance to cover this risk.
In addition to covering your personal property a renters policy also provides you with personal liability coverage. An average renters policy will provide $300,000 to $500,000 in coverage. In todays litigious society your risk of being sued is higher than it has ever been.
The question shouldn’t be do you need renters insurance, but rather how can you sleep at night without it!!!
Renters insurance can be purchased for as little as $12 per month. You will receive a discount on your auto insurance if you place your renters policy with the same company further reducing the overall cost.
Give us a call today for a quote on this very important coverage. (508) 222-4998
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