If your home becomes uninhabitable for reasons covered in your renters insurance policy, the insurance company will reimburse you for your temporary living expenses until you are able to find a new place to live. Renters insurance is there to not only protect the belongings in your home, but so much more.
There are so many misconceptions when it comes to what renters insurance is and what it covers. Here are some common myths about renters insurance:
I don’t have enough stuff to get renters insurance.
• Things add up fast! Your electronics, appliances, clothes and even food are all large expenses that can be protected under your policy.
My landlord’s insurance will cover the damages to my belongings.
• Typically, a landlord’s insurance policy only covers the physical building, not anything that’s within your walls or another tenant’s.
Personal belongings are the only things covered under renters insurance.
• Renters insurance can also cover damage to someone’s property within your home. And, depending on the limits of your liability coverage, it can cover some or all of the medical expenses if someone happens to get injured on your property.
I can’t afford renters insurance.
• Renters insurance can be incredibly affordable. Although pricing can always vary, some policies can cost as little as a couple cups of coffee at your favorite cafe.
Don’t wait until it’s too late to start thinking about renters insurance. We spend a lot of time and energy filling our living spaces with items that make it feel like home—it only takes one unexpected event to have it all stripped away. Renters insurance can give you peace of mind knowing that you and all of your belongings are covered.RENTERS INSURANCE MYTHS by PDCM Insurance