Renter’s Insurance Basics
Renting a home is a great way to have a space of your own, even if you cannot afford to buy a house. Just like owning a home, there is a lot of responsibility that comes with owning a house, including making sure that all of your belongings are protected. Investing in the right renter’s insurance policy is the best way to ensure that you and all of your assets are protected in case of any unfortunate situation.
While your landlord will have insurance for your home, it will only protect the structure, not anything that you keep inside. Your own renter’s insurance policy will provide the protection needed for all of your belongings if they are damaged or destroyed. While you may not think you have anything worth insuring, chances are that you do. If you have a flat screen TV or game console, the renter’s insurance policy will provide coverage so that you do not have to pay hundreds of dollars out of your own pocket to repair or replace them.
Renter’s insurance policies also provide liability protection in case someone gets injured at your home. Liability coverage will provide protection if one of your friends trips and falls in your home, or if the food you serve at your housewarming party causes food poisoning, to ensure that you are not financially devastated from a lawsuit that is associated with the accident.
While renter’s insurance is not required, many landlords will require it when you rent a house. More and more landlords are requiring renter’s insurance for their tenants to protect them against any losses that are caused by the tenant. While a renter’s insurance policy is meant to provide coverage for the tenant, it can also provide coverage for the landlord.
For all of your renter’s insurance needs to ensure you and your belongings are protected from any peril, contact the insurance professionals at Idaho Insurance / Affordable Insurance in Caldwell, Idaho.