Burglary: A Big Reason to Have Renters’ Insurance
Burglary: A Big Reason to Have Renters’ Insurance
Renters’ insurance is an unsung hero in the loss prevention industry. It is affordable and covers much more than what people may believe. Renters’ insurance, for example, can cover belongings when traveling and defend you against liability claims. But there is even a more significant issue that renters’ insurance can help renters with. It can cover financial loss from a burglary. That is a big potential problem for those who rent.
The first thing to understand is that if you rent, your personal property will not likely be covered by your landlord’s insurance. Your landlord will have insurance to cover his own interests but will not cover the property of those who rent from them. A renter should take responsibility for their own property and actions. You must insure against the loss of your own belongings, as well as liability risks.
Burglary is also a more significant problem for renters than others. Statistics show renters are more susceptible to burglary than traditional homeowners. Many renters live in properties that may not have security systems or be as secure as a private home.
There are a few things to keep in mind with renters’ insurance. While renters insurance is relatively inexpensive, having too high of a deductible can make your renters insurance less valuable. Keep in mind that if you have a $1,000 deductible and have a $1,000 laptop or other personal electronic devices stolen, your coverage will not kick in. Purchase renters insurance with a low enough deductible to make it worthwhile in the event of a loss.
Many renters may feel that foregoing homeowners’ insurance is one of the benefits of renting. The fact is you can still be held liable for personal accidents in your rental home and are certainly responsible for your own property. Just as important is you may be at more risk of a burglary if you rent.
What you should do is contact us for a no obligation, no cost quote on renters’ insurance. Tell us about where you are renting and what your risks may be. Our independent agents will search multiple insurance companies who specialize in renters’ insurance. You will have the choice of which plan to accept.
Find out how practical and affordable renters’ insurance can be. Connect with us today. We would appreciate the opportunity to serve you.
Do you have questions about your insurance? Find an insurance agent near you with our Agent Finder
Search All Blogs
Read More Blogs
The Beautiful Pause: Embracing Solitude and Self-Care
Ditch the noise. A guide to finding mental clarity and practicing self-care by embracing intentional solitude during the final, quiet days of January.
Final Tax Data Security: Protecting Against Employee W-2 Identity Theft
W-2s are out. A final, urgent guide to securing employee data against tax fraud and using Cyber Insurance for breach response and identity theft coverage.
T-Minus 30 Days: The Late January Review of Beneficiaries and Tax Implications
Tax forms are here. Review your life insurance beneficiaries one last time, and understand the tax status of policy payouts vs. accrued interest.
Extreme Cold Alert: Protecting Your Vehicle from Late January Freeze Damage
Frozen engine block? Late January extreme cold risks and how your Comprehensive Auto Insurance handles non-collision, cold-related vehicle damage.
The Final Frost: Securing Your Home from Ice and Tree Damage
Extreme cold risk is highest now. A guide to Home Insurance for tree fall damage, ice structure risks, and securing your claim against catastrophic late-January weather.
Slow Cooker Immunity: Nourishing Your Body with Winter Comfort Foods
Fight the mid-winter slump! Easy slow-cooker recipes packed with immune-boosting spices and ingredients to keep your family healthy in late January.
Accountability in the New Year: Auditing Employee Risk for Workers’ Comp and Liability
Get back to basics! Mid-January is the time for mandatory safety refreshers and HR audits to manage Workers’ Comp and General Liability risk in 2026.
The Mid-January Check-Up: Why Scheduling Your Life Insurance Exam Now Locks in the Best Rate
Don’t delay the exam! Schedule your Life Insurance paramedical exam in mid-January to lock in your best rate and complete your application process quickly.
Used Car, New Coverage: Insuring Your Post-Holiday Vehicle Purchase in January
Just bought a used car? Don’t forget to update the VIN, transfer your coverage, and check if you need higher Medical Payments limits.
The Mid-Winter Meltdown: Protecting Your Home from Aging Furnace and Water Heater Failure
Mid-January system failure is costly. Learn why standard home insurance doesn’t cover your broken furnace and why you need an Equipment Breakdown endorsement now.