If you are renting, you should have renter’s insurance. Many Mt. Lebanon landlords and property managers require you to show proof of renter’s insurance before you move in. Even if they don’t, you should still get renter’s insurance for your own protection.
It might seem like an extra expense, but renter’s insurance is affordable and offers peace of mind in case something happens to your belongings. Obtaining renter’s insurance is simple. You can contact an insurance agent or go online to compare various policies. Here are five reasons why each renter should have renter’s insurance.
Your landlord’s insurance doesn’t cover your belongings in the event of a power outage, fire, flood, theft, or other disasters.
Your landlord’s insurance likely covers the property but not your personal belongings. If a fire or flood damages your apartment, you’ll have to replace items not covered by renter’s insurance.
Renter’s insurance is relatively cheap and can be customized to fit your needs.
For under $20 a month, you can obtain a basic renter’s insurance policy. If you possess high-value items like jewelry or art, you can include extra coverage for their full protection. This affordability secures your finances against any unforeseen events.
You can customize your renter’s insurance to include liability coverage, protecting you if the property is damaged by you or a guest, or if someone is injured and sues you. If you have roommates, they need their own policies since your renter’s insurance doesn’t cover their belongings.
Each adult in the rental needs their own renter’s insurance policy.
Most renter’s insurance policies cover temporary living expenses if you have to move out of your apartment due to a disaster.
If your apartment becomes uninhabitable due to a fire or flood, your renter’s insurance will probably cover the cost of a hotel or temporary housing. This can be very helpful if you don’t have the funds to cover these unexpected costs.
Renter’s insurance can aid you in rebuilding your life if something happens to your belongings. If you lose all your belongings in a fire or theft, renter’s insurance can help replace them. This can be a huge help if you don’t have the money on hand to replace everything at once.
Renter’s insurance can help replace important documents like your passport or birth certificate if they are lost or destroyed. Losing these items can create financial difficulties and make them hard to replace.
Having renter’s insurance gives you peace of mind, knowing you’re covered in an emergency.
No one wants to think about worst-case scenarios, but accidents and natural disasters do occur. And if something happens to your belongings, it’s comforting to know you’re covered. Renter’s insurance provides peace of mind, knowing you’re protected in an emergency.
A great manager is essential for stress-free property ownership for landlords and property owners. At Real Property Management Keystone, we treat every property seriously and aim to exceed expectations. Get in touch with us or call 412-385-2300 for excellent services in Mt. Lebanon and the surrounding areas.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.
