If you are a renter, it’s important that you always have renters insurance for as long as you rent your home. This insurance provides several types of coverage that are all important for your financial future. If you don’t have your renters policy yet, give us a call now at Palacio Miller Agency in Louisville, KY.
How Renters Insurance Protects You
Protect Your Belongings
One of the most important ways that this insurance protects you is by covering all of your belongings that are inside your home. Without this coverage, a major incident that happens and ruins your possessions may leave you with nothing. Instead, the policy will pay for you to be able to replace your items. This is coverage that is highly valuable when you think about how much it would cost to replace what you own.
When you have someone in your home, their safety is up to you. If they were to have an accident there that resulted in injuries, you would most likely be found liable to pay their medical bills and lost wages. That’s why you need renters insurance to pay for those bills in case of an accident. This protection also means that you are less likely to be sued since you are covered by insurance.
If something terrible happened to your rented home and left it unlivable, you won’t have to try to live in those conditions when you have renters insurance. Instead, the policy pays for you to live somewhere that is in better condition so that you don’t lose your standard of living. While the repairs are being made, you will be comfortable somewhere else.
Get Your Home Covered
If you are renting, this is vital coverage to have to protect yourself. Call us at Palacio Miller Agency in Louisville, KY to find out more.