Many first time home renters aren’t aware of the fact that they need to purchase renter’s insurance. For just a few dollars per month, it’s a great way to protect yourself as a renter as well as the assets in your apartment. Renter’s insurance is generally very reasonable and has the potential to pay for itself hundreds of times over if a disaster ever does occur. While many apartment complexes and landlords now require renter’s insurance, some still don’t. It’s important to know what renter’s insurance can do for you and why it’s worth that extra 10-15 dollars per month!
What are the Benefits of Renter’s Insurance?
- Cover your personal property – One thing that your landlord or leasing office won’t cover is your personal property. That means if there is ever a fire, flood, or other natural disaster, none of your possessions will be covered. That extra bit of insurance will help protect you against the loss of expensive property. Find out what your landlord or leasing office will cover (if anything) and go from there to make a decision on how much insurance you’ll need going forward.
- Add liability coverage – We never expect anything to go wrong in our lives, but it’s an unfortunate truth that it happens all too often. If a friend, family member, or guest is ever hurt in your home, you need to have liability coverage. An injured party may seek compensation for his/her injury and if they do, it’s going to cost you money if you lack liability insurance. Renters insurance acts similarly to homeowner’s insurance in this way, but at a much lower price.
- Replacing items is expensive – You probably look around your apartment and think “my stuff isn’t really worth THAT much.” You’d be surprised. When you add up the cost of things like electronics, clothing, kitchen appliances, furniture, and all of those other things in your home, replacement costs can get extremely high, especially when you can pay a few dollars per month to cover everything.
Renting with Apartments of Wildewood
The importance of renter’s insurance cannot be overstated. We want you to be comfortable and worry free when you’re living with us, which is why we encourage (require?) all of our tenants to purchase a renter’s insurance plan. Haven’t rented with Apartments of Wildewood yet? What are you waiting for? To set up an appointment to check out an apartment rental from Apartments at Wildewood, call us at 301.737.0737or visit the website! For more about renting with Wildewood, check out our Facebook, Twitter, Pinterest, or LinkedIn.
Source: Apartment Guide