Rental insurance should be something that all renters invest in. Sometimes this vital benefit is often overlooked by some. You don’t realize how important having rental insurance is until life unexpectedly happens. Whether renting your home or apartment, rental insurance is a must. If you are not convinced, continue reading to learn more about the premium benefits of renters insurance.
Protection for Your Possessions
In the unfortunate event that your home is either burglarized or sustains weather or fire damage, rental insurance can cover your losses. This particular insurance also even covers furniture such as couches and beds. Coverage amounts vary, but as a renter, you get the peace of mind that your prized items are protected.
Rental Insurance is Affordable
According to research by the National Association of Insurance Commissioners, the average cost of renters insurance ranged from 15 to 30 dollars a month in 2022. Some factors can dictate your actual price, but it is certainly inexpensive. There are different types of rental insurance, so it would be helpful to select the right one for you.
Protection For Guests
A visitor getting injured in your home or apartment can be a catastrophic event for all parties involved. If that happens, having renters insurance would be a significant advantage. Renter’s insurance also does not cover negligence or any intentional violent acts.
Rental Insurance Is A Requirement
Some people get confused and think they don’t need rental insurance because they believe their landlord’s policy covers them. They couldn’t be more wrong, as the landlord’s insurance only protects the actual building structure and surrounding grounds. Nearly all landlords require that all renters have rental insurance.
Coverage Follows You Wherever You Go
One main perk of renters insurance is that your personal belongings are covered wherever you might go to or travel. For example, if your bike gets stolen after you rode it to work, your renters’ insurance would be able to cover the loss. Renters insurance also protects your belongings while you are also on vacation.
Let Us Be Your Apartment Home!
Whether you need your very first apartment home or are relocating to the area, Apartments of Harborside Village would love to be your dream apartment home. Are you looking for beautiful waterfront apartments in Joppa, Maryland? Let us show you one of our spacious and affordable apartments at the Apartments of Harborside Village. To learn more about our residence options, visit us online, give us a call at 410-679-1130, or email us. For a peek into what it’s like to live in our community, follow us on Facebook, Twitter, Pinterest, and YouTube.