Many renters think their landlord is responsible for insuring everything that damages the rented residence and injuries that occur there. As a result, tenants forgo purchasing a renters insurance policy. In reality, there are many exposures the landlord’s policy does not cover. The renter could be responsible for paying for those losses or damages. Without renters insurance, those would be paid out of pocket. Consider the following examples:
- You throw a party and one of your guests is injured.
- Your dog bites someone.
- Your child injures another child while rough-housing.
- You are cutting the grass and your mower shoots rocks onto your neighbor’s car.
- Your belongings are stolen.
- You are displaced from your home due to a loss resulting from fire or windstorm and need money to pay for lodging and other expenses.
- Your lease requires that you show proof of renters insurance to your landlord.
Renters insurance is surprisingly affordable. If you’re a renter, please contact the Hills Insurance Agency today so we can help you get proper coverage.Reprinted with permission, The Mines Press, Inc. Volume 43, Issue 5 Insurance products are not a deposit, not FDIC insured, not insured by any federal government agency, carry no bank guarantee, and may go down in value.