If you have a fire or water emergency, please call us now at (385) 528-0090

To have the optimal experience while using this site, you will need to update your browser. You may want to try one of the following alternatives:

Fire & Water - Cleanup & Restoration

3 Reasons To Purchase Renters Insurance

5/25/2021 (Permalink)

Image of an aparment complex Renters insurance is important.

If you are renting the home or apartment you live in, you may not think you need property insurance. However, your landlord's insurance only covers the structure and other property that belongs to the landlord. Without renters insurance, there is no protection for damage to your personal property. These are three of the reasons you should consider purchasing this coverage.

3 Reasons to Consider Purchasing Renters Insurance

1. It Pays To Replace Your Stuff

If fire damage were to completely destroy all of your personal belongings, it could cost you thousands of dollars to replace them. A renter's policy covers the cost to replace your personal belongings if they are damaged or destroyed by fire, water, wind or another covered cause of loss. Most policies also protect belongings that are stolen from your residence.

2. The Price Is Reasonable

Because personal belongings are typically worth much less than a house, renters insurance usually costs a fraction of what you would expect to pay for a homeowners policy. The price you pay will depend on how much coverage you need, the deductible and type of coverage you choose and where you live in Layton, UT. If cost is a barrier for you, consider choosing a policy with a higher deductible to save money on premiums.

3. Your Landlord May Require It

Your landlord's policy will pay for fire restoration of the structure; however, it doesn't provide any protection for the property that belongs to tenants. Your landlord or your landlord's insurance company may require that all tenants purchase insurance to cover their own belongings. This requirement should be stated in your rental agreement.

Even if you are not required to purchase renters insurance, it is a good idea to have it. Without this protection, you may have a difficult time replacing your belongings if your home or apartment is severely damaged or destroyed by fire, wind, lightning or another catastrophic event.

Other News

View Recent Posts