At Gateway Property & Casualty in Dover, NH, we understand the importance of obtaining renters insurance to protect your belongings from damage or loss in unfortunate situations such as a fire, burglary, or other covered perils.
Renters insurance also protects you from liability if someone is injured at your rental residence, saving you thousands in medical expenses.
Many consumers mistakenly think that a landlord’s insurance policy will cover their belongings after an incident. However, a landlord’s insurance policy typically only covers the building’s structure, not the renter’s contents.
Here are more reasons why every renter should have renters insurance:
It’s Affordable coverage.
In the U.S., the cost of renters insurance coverage is often equivalent to one trip for two to McDonald’s. This is a minimal cost compared to replacing a household’s furniture and appliances out of pocket after a loss.
Renter’s policies are not one-size-fits-all. The cost varies depending on your location and the amount of coverage you deem necessary to protect your belongings.
Peace of mind if starting over.
After a covered loss, like a fire, for instance, replacing smartphones, tablets, laptops, TVs, mattresses, sectionals, chairs, gaming systems, washers, dryers, and the thousands of dollars of clothes hanging in your closet can be extremely costly.
Additional living expenses.
Most renters insurance policies provide additional living expense coverage if your rental apartment or home is unhabitable while it is being repaired. This means you can receive money for expenses beyond your everyday monthly living expenses if you find yourself temporarily without a home. For instance, if you pay $800 a month for rent but can’t live in your apartment while it’s being repaired, your renter’s insurance covers additional living expenses like hotel and meal costs.
Don’t go another day without coverage.
Unfortunate events can occur suddenly, so don’t risk another day without protecting your belongings and finances. Call Gateway Property & Casualty in Dover, NH today at (603) 294-1902.
