by Administrator
13. April 2015 18:43
While renting a home, most people assume that the landlord is responsible for providing insurance against any sort of damage caused to the property, either due to human or natural circumstances. However homeowner’s insurance does not cover your personal possessions in the rented home, which is covered under renters insurance.
Given here are some of the reasons you should consider purchasing renters insurance:
- Protection From Theft: In case your home gets robbed, your landlord will not be liable to compensate for your losses, provided that he has installed necessary security measures in the house. Renters insurance, in this situation, will provide coverage against your stolen valuables that are listed in your policy.
- Protection From Guest Injuries: If a guest happens to injure himself on your property, you may be liable to pay for his medical expenses, if the accident occurred due to your negligence. This may be due to falling on a loose step or slipping on spilled water. Renters insurance also provides coverage for medical bills in case the guest is scratched or bitten by your pet.
- Protection From Natural Disasters: If your rental home as well as possessions are damaged due to a natural disaster, your landlord may be responsible to get the home repaired. However renters insurance provides coverage for your personal possessions in the house. You should ask your agent about the natural calamities that are covered under your policy.
- Protection From Self-Caused Damage: If you inadvertently cause damage to your rental home, such as accidentally breaking a window or overflowing water, your landlord may not be responsible for the losses. Renters insurance can help you covers the costs of repairing or replacing the damaged belongings.
- Protection From Unnatural Fire: A comprehensive insurance policy will also cover the damages caused in the event of a fire due to short circuit or other electrical issues. If you live in a multi-dwelling unit and the fire spreads to other apartments as well, you could be liable to pay for the damages to their property and belongings.
To request a quote for renters insurance in Killeen, TX, contact Shawn Camp Insurance Agency, Inc. at (254) 526 – 0535.
