Crown Affordable Insurance Blog
According to statistics, an average of only 37% who rent houses or apartments have renter’s insurance. That figure is relatively low compared to the number of those who rent in different states in the country. We will discuss here the importance of getting renter's insurance and when you should get it.
What is Renters Insurance?
Also called tenants' insurance, renter’s insurance is a type of policy which covers liability insurance and the tenant's personal property against incidents such as burglary, fire, losses, and other specific mischiefs. Not to be mistaken as Property Insurance, Renters insurance actually costs less by a long shot.
Who Should Get Renters Insurance?
Apparently, homeownership for most Americans is no longer a viable option. And this is for reasons that are actually valid. First, the financial obligation that comes along with buying a house can be too much responsibility for some. Second, several Americans opt out of staying in one place because of job security or opportunities.
It was said that in the next 5 decades, renting will be prevalent more than ever. Thus, if you belong to this group, you need renters insurance.
Even if your landlord secured property insurance, that won’t matter with your personal belongings. Take note that the owner’s insurance only concerns the apartment or building.
When You Should Get One
You might be thinking that you’re only renting and insurance is not really necessary. Here are some of the best conditions why you should think otherwise.
Renter's insurance is budget-friendly, practical, and covers most instances that you may experience when renting. With lots of companies which offer them, all you have to do is choose the policy that suits you best.
At Crown Affordable Insurance, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (816) 630-3278 or Click Here.