Many students are venturing to college for the first time, and may choose off campus housing. Or, maybe you have just finished college, and are looking for your first apartment on your own. Regardless the situation, you should consider purchasing rental insurance. Many people do not realize that renters insurance features both reasonable yearly premiums and immense benefits to renters who purchase it.
First, renters insurance can cover you in case there is accidental damage to your rental property. While the landlord’s insurance often covers structural damage to their property, a renter is often responsible for the costs if the accident is their fault (for example, a flood caused by the bathtub running over, or a fire during a cooking accident). Renters insurance may also be able to provide you with temporary housing while repairs are done to the structural damage.
Renters insurance can also protect you if someone is injured at your home. Household accidents happen every day – in fact, between 5 and 10 million Americans are injured in their home every year. If someone is hurt on your property, you could be sued for liability – renters insurance can protect against this.
Finally, renters insurance can protect your personal belongings. Going back to the example of a cooking fire, some of your kitchen appliances or other personal belongings could also be damaged in the fire. With renters insurance, everything from electronics to clothing could be covered from damages caused by theft, vandalism, fire and more.
To learn more about your options for Orlando renters insurance, contact Lock Insurance today for a free quote or call 877-709-8101.
Don Westerfeld has been active in the field of Insurance and Financial Planning since 1997. Don grew up in Indiana later moving to Lakeland Florida where he continues to reside with his wife and children. When he’s not in the office you can find him enjoying the great outdoors. He has served on several charitable business and non-profit organizations and continues to provide guidance, advice and support to local charities.
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