what renters insurance can do to protect you

Here’s When Having Renters Insurance Can Really Save You

Here are some of the scenarios in which renters insurance has your back.

If you’re living in a rental space, then it’s true that you are not responsible for insuring the physical structure that you live in. However, this does not mean that you are free to forgo insurance coverage altogether. Having the right renters insurance in Plano, Texas will ensure that you have coverage for your belongings, your personal liability, and your additional living expenses should your rental become temporarily uninhabitable. Still not convinced that you need renters insurance? Here are some of the situations in which having this type of policy could seriously save you.

  • If Disaster Strikes

As previously mentioned, you are not responsible for the physical damages that your rental space might sustain during a disaster event. However, you are on the hook for any damages that your personal possessions might sustain during a fire, storm, explosion, break-in, and so on. While you might not own anything of particular value, stop and imagine what it would cost you to repair or replace the various things you keep in your apartment. These costs would add up very quickly and the best way to prevent them from coming out of your own pockets is by having the right renters insurance coverages in place.

  • If Someone Injures Themselves

Renters insurance also offers personal liability coverage. This means that you are protected in the event that someone injures themselves while inside your rental property. For instance, imagine that a delivery person is bitten by your dog while attempting to drop off a package. In this case, you would be held liable for the injured party’s medical costs and might even be subject to a liability lawsuit. Luckily, the personal liability protection offered by your renters insurance would ensure that these costs were all covered.

  • If Your Rental Is Uninhabitable

Sometimes, the damages that your rental space sustains are so extensive that they make your rental temporarily uninhabitable. If this is the case, you would be forced to secure temporary housing while your rental was undergoing repairs. Luckily, the cost of these additional living expenses would be covered under your renters insurance. For instance, hotel costs, rent, and even restaurant bills are some of the additional living costs that your renters policy might cover.

These are some of the situations in which renters insurance definitely has your back.  Curious to learn more about what the right renters insurance in Plano, Texas can do for you?  Then contact the experts at Tri-Star Insurance/HUB International.  Our dedicated team is ready to address all your insurance needs today.