Why Every Renter Needs Renter’s Insurance

When you’re a renter, there’s no need for you to have insurance on the home you live in. The owner of the building must have this insurance. However, other things need to be protected, and that’s where renter’s insurance comes in. Virtually all landlords will require you to have renter’s insurance when you sign your lease. If you rent and don’t have this insurance, call us at Ruddy Insurance Group in Niles, OH.

Protection for Belongings

You don’t own the home, but you do own everything inside it. When you have renter’s insurance, it protects you against losing your things. It’s essential to have this insurance in case a damaging event should happen that ruins your things. With this coverage, you know you’ll be able to replace everything later just in case the worst happens. Trying to pay to replace everything on your own could be so expensive as to be unaffordable. With this coverage, you have peace of mind that your belongings are protected. 

Liability Protection

Your renter’s insurance also protects you against liability. If someone came to your home and had an accident there and were injured, they would have a lot of medical bills that you would owe. There may even be more expenses like lost wages and legal bills. Without liability protection, all of that would be yours to pay. With renter’s insurance, the policy can pay all the bills you’re liable for. This is coverage that many people don’t think about very often, but it’s beneficial to have it in place just in case of an accident. 

Get Renter’s Insurance

To get a renter’s policy for your protection, call us today at Ruddy Insurance Group in Niles, OH to learn more.