As a tenant you may not think a lot about renters insurance. But, renters insurance is essential to equip your valuable belongings with protection from unforeseen threats.
Regardless if you rent a house in a quiet suburb or have an apartment in the heart of Columbia SC, renters insurance it's essential to have renters insurance. Most of the time, individuals think that their landlord's insurance will cover their losses. However, this is often not the case.
The landlord’s insurance policy usually covers the structure of the building and any fixed appliances. However, it does not protect the renter’s personal items if they suffer from damage or theft.
In other words, should your possessions suffer loss or damage in an event like a fire, flood or break-in, it falls on your shoulders to replace your damaged goods, unless you have a renters insurance policy to cover you.
Purchasing coverage for renters can provide protection against potential liability claims. For example, if a visitor slips and falls within your rented property and chooses to file a lawsuit, you can lean on your renters insurance for help with legal fees and potential claims.
To wrap up, the protective benefits of renters insurance are significant for individuals renting their living spaces, and is an investment worth considering. Whether you rent in Columbia SC’s downtown or in its suburbs, it is wise to secure your assets with a reliable renters insurance.