If you’re renting a house or apartment, renter’s insurance offers you a means of protecting your personal property. Your landlord’s insurance will protect the building where you live – not your personal possessions. A renter’s insurance policy from Strack Insurance Services in Arlington, TX will ensure your valuables are protected against theft, vandalism or loss.
As a renter, it’s important you know the facts about renter’s insurance so you can take advantage of what it has to offer. Here are some common myths about this coverage followed by the facts.
Myth: Landlord’s insurance protects a renter’s personal goods
When landlords take out insurance, it’s to protect their building – not a tenant’s personal goods. As a tenant, you are responsible for the safety of your possessions. Renter’s insurance can provide the protection you need.
Myth: Renter’s insurance is extremely costly
Renter’s insurance costs vary depending on the coverage you want. On average, a policy offering approximately $30,000 worth of property protection costs about $12 a month. By personalizing your policy, you can get just the coverage you need at an affordable price.
Myth: Your goods aren’t valuable enough to warrant insurance coverage
If you think your goods aren’t valuable, consider what it would cost to replace them out of pocket if they were destroyed by fire. You’ll gain a better perspective of the importance of a renter’s policy.
Myth: Renter’s insurance only protects personal property
In addition to protecting personal property, renter’s insurance offers liability coverage to protect your interests in the event you’re held liable for injuries or property damage to others due to accidents you cause on or off your property. This includes damage to your landlord’s property.
Myth: It’s hard to obtain a renter’s policy.
For prompt and effective services in obtaining the renter’s policy you need, contact Strack Insurance Services, Arlington, TX today.