While homeowner’s insurance is a requirement for anyone who owns a house, with renter’s insurance, it’s up to tenant’s whether or not they want to buy. Because it’s not mandatory, many tenants assume they don’t need renter’s insurance, but this can be a very expensive mistake! Renter’s insurance offers many benefits and can save your finances if disaster should ever strike. Read on to learn more about why you should think about investing in renter’s insurance.
The Many Benefits of Investing in Renter’s Insurance
Renter’s insurance offers protection when something goes wrong
Renter’s insurance is meant to protect you as well as your property. The majority of policies offer protection for your St. Mary’s property, liability, and living expenses. If you are the unfortunate victim of a break-in, renter’s insurance will not only pay for the replacement of what was stolen but will also cover the cost of repairs if anything was damaged. Renter’s insurance also covers damage caused during other types of disasters, including fires and other weather-related occurences. Lastly, if someone is injured while on your property and they decide to sue you as a result, renter’s insurance covers both the associated legal fees in addition to any damages the plaintiff may be awarded.
Gain peace of mind
Beyond all of these benefits, renter’s insurance allows you to rest easy at night knowing you are covered in the case of an emergency. Some renter’s assume that their landlord’s insurance coverage will be responsible if anything happens to their apartment but this is most often not the cast. The landlord’s insurance will never cover your belongings and generally only applies to structural building issues. The very best part? This peace of mind comes quite cheap, with most policies only costing around $15 each month. With all of this in mind, it’s not hard to see why you should consider renter’s insurance sooner rather than later.
Looking for a St. Mary’s apartment? We can help!
At The Apartments of Wildewood, located in beautiful in St. Mary’s Maryland, we offer homes with access to pools, an on-site gym, and maintenance whenever you need it – and have access to all the information you need to affordably rent a warm apartment in winter. To set up an appointment to check out an apartment rental from Apartments at Wildewood, call us at 301.737.0737or visit the website!