As a tenant the idea of obtaining insurance for renters could be far from your thoughts. However, renters insurance is essential for the safeguarding of your personal assets from unexpected threats.
Regardless if you rent a house in a quiet suburb or have an apartment in the heart of Columbia SC, the importance of insurance for website renters remains the same. Frequently, individuals think their personal possessions are insured under their landlord's policy. However, this is a common misconception.
Landlord's insurance generally covers the building and any appliances or fixtures. On the other hand, this does not include a renter's personal possessions if they suffer from damage or theft.
In essence, 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 insurance for tenants will also ensure protection from liability claims. Let’s say, if someone is injured at your rented place and they decide to sue you, your renter’s insurance policy can cover legal costs and any awarded damages.
In conclusion, renters insurance offers much-needed protection for renters, and might be a worthy part of your budget. Whether you rent in Columbia SC’s downtown or in its suburbs, it’s time to consider protecting your possessions with renters insurance.