As a tenant the idea of obtaining insurance for renters could be far from your thoughts. However, renters insurance is essential for providing protection to your personal property against unexpected risks.
No matter whether you live in a suburban rental condo or in downtown Columbia SC,, the importance of insurance for renters remains the same. Often, renters conclude their personal possessions are insured under their landlord's policy. However, this is a common misconception.
The landlord’s insurance policy usually covers the structure of the building and any fixed appliances. However, this does not include a renter's personal possessions in the event they suffer from damage or theft.
In other words, if a potentially damaging event like click here a fire, theft or flood occurs, you would bear the cost for their replacement, unless you have a renters insurance policy to cover you.
Purchasing insurance for tenants can also ensure protection from liability claims. Let’s say, if a guest gets hurt while visiting your rented home and chooses to file a lawsuit, your renter’s insurance policy can cover legal costs and any awarded damages.
To wrap up, the protective benefits of renters insurance are significant for tenants, and is an investment worth considering. No matter your renting location in Columbia, SC, it’s certainly feasible to protect your belongings with the right renters insurance.