You have just graduated college, and are relaxing in your first apartment while you watch your new flat screen television that you got as a present for graduation. Suddenly, you hear a clunk followed by an abrupt downpour of water coming from your ceiling, that completely douses your TV. The pipe has burst, you don’t have renter’s insurance, and you are now without a TV. You would be protected from this if you had chosen to purchase renter’s insurance.
It is incredibly important to have renter’s insurance so that your personal items and personal liability are covered. Here are a few things to consider if you are questioning buying a policy:
- Just because your landlord has insurance does not mean you and your things are covered. Their insurance will only protect the building from structural damage.
- It is more affordable than you think. Some policies cost a mere twenty dollars per month, and you have the option to raise the deductible, which will lower your rate.
- Even if your building seems safe and free of potential threats, renter’s insurance can still benefit you by covering things like stolen luggage.
- Your personal items may be valued at more than you’d expect. Think again if you believe an incident couldn’t cause you to experience substantial financial loss.
For any other insurance inquiries, contact Gant Insurance Agency, located in McKinney!