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
Search All Blogs
Read More Blogs
Non-Profits Need Protection Too! Safeguarding Your Good Works with Insurance
Non-Profits and Insurance: Myths Busted! Protecting Your Good Works
Beyond the Grave: Burial Insurance vs. Life Insurance Explained
Don’t Be Buried by Confusion: Understanding Burial and Life Insurance
Cracking the Code: Your Car’s VIN and What It Means to You
VIN Decoder Ring: Unveiling the Mysteries of Your Car’s Identification Number
The Aftermath: Proving Your Possessions After a Disaster
Homeowner’s Insurance Hero: How to Prepare for a Claim Before Disaster Strikes
Lost in Translation: Skills of the Past That Young People Might Miss Out On
From Fax Machines to Fancy Footwork: 6 Skills Younger Generations Might Not Have
Beyond the Box Truck: When Does Your Business Need Special Vehicle Insurance?
Business on the Move? Don’t Get Stuck Without the Right Vehicle Insurance
From Bronze Age to Boomers: How Life Expectancy Went From Meh to Magnificent
How Long Will You Live? A Look at Life Expectancy Throughout History (and Why You Might Need Life Insurance)
From Chauffeur to Cheerleader: The Teen Driver’s (and Parent’s!) Guide to Car-Buying Chaos
Teen Driver on the Horizon? This Guide Will Steer You Through Car-Buying Chaos
When Branches Become Brawls: Who Pays When a Tree Attacks Your House?
Neighborly Nightmare: Tree Trouble and Your Homeowner’s Insurance
From Pet Rocks to Pokémania: A Funtastic Journey Through 50 Years of Fads
A Look Back, and a Look Forward