Dave Haman

Sep 05 2017

Insurance Spotlight: Renters Insurance Is Not a Luxury


Renters need many of the same kinds of insurance protection homeowners have, yet far too many renters fail to purchase this important coverage. Here are some things to think about before passing off renters insurance as an extra, unnecessary expenditure.

It’s not as expensive as many think. While rates vary, skipping one meal out each month may be sufficient to cover your policy cost.

That small expenditure protects more than just your belongings. A far larger potential financial risk may be your responsibility for injury to others or damage to their property. A guest tripping and falling on your rug or getting scratched by your cat may be more likely than a fire or natural disaster. Don’t overlook the valuable liability protection that comes as a part of your renters policy.

It protects you where your landlord’s insurance won’t. A landlord’s policy is designed to cover their losses, not yours. Talk to your local insurance agent today about your options in renters insurance. You are likely to be pleasantly surprised!

Reprinted by permission, The Mines Press, Inc. Volume 45, Issue 3. Insurance products are not a deposit, not FDIC insured, not insured by any government agency, carry no bank guarantee, and may go down in value.
Dave Haman

About Dave Haman

Dave Haman is a Vice President, Insurance Agency Manager at Hills Bank’s Iowa City Gilbert Street location. He has been at Hills Bank since 1994 helping customers with their insurance needs. Dave can be reached at dave_haman@hillsbank.com.

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