As a tenant it might not cross your mind to get renters insurance. But, renters insurance is essential for the safeguarding of your personal assets from unforeseen risks.
No matter whether you live in a suburban rental condo or in downtown Columbia SC,, it's essential to have renters insurance. Frequently, renters conclude they will be covered under their landlord's insurance policy. But, this is a common misconception.
Landlord's insurance generally covers the building and any appliances or fixtures. But, it does not protect the renter’s personal items in the event they come under harm or theft.
In other words, if a potentially damaging event like a fire, theft or flood occurs, it falls on your shoulders to replace your damaged goods, unless you have insurance for renters.
Purchasing renters insurance will help you get safeguarded from potential lawsuits. For example, if a visitor slips and falls within your rented property and insurance for renters decides to sue, your insurance can help cover the legal expenses and potential payouts.
To sum up, renters insurance offers much-needed protection for renters, and might be a worthy part of your budget. No matter your renting location in Columbia, SC, it’s time to consider protecting your possessions with renters insurance.