Renters: Are you Protected?

Wherever you rent and live, your possessions help it feel like home. If something were to happen to your belongings, how would you replace them? This week, guest blogger John Ramsay with John Ramsay Insurance is here with the rundown on Renter’s Insurance.

Home sweet home

Computers, clothing, furniture, that lamp Aunt Doris gave you…it all adds up. By the time you’re in your twenties or thirties, the typical renter has about $30,000 worth of belongings.  Could you afford to replace everything you own if your apartment had a fire? Or what if you had a personal liability claim brought against you–if, for instance, your dog bit someone (we know he’s a sweet dog, but these things do happen). Do you have any protection?

With Renter’s Insurance, you can protect yourself in these and other situations. In fact, Renter’s Insurance is so vital to protecting your home that many landlords require that their tenants carry it, for liability protection. What’s more, the insurance often includes coverage for the reasonable increase in living expenses necessary to maintain your normal standard of living, up to twelve months, if a covered loss makes your current residence uninhabitable.

Don't just stop at locking up...

Renter’s Insurance can be tailored to each renter, with specific coverage applied for any high-value items you own. You can set custom limits on each type of payout (personal property, liability, etc.) in the way that makes the most sense for you.

And here’s the ringer: Renter’s Insurance typically costs about $10 per month. It may even cost less if you carry auto insurance with the same company. So you may want to check it out–for less than the cost of a couple of cups of coffee, you could be protecting your laptop, your favorite sofa, and all of those things that make up your daily life.

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