Are you renting your apartment unit or home at the moment? Renters insurance could cover your belongings in case of damages, loss, or destruction from fires, burglaries, and other natural disasters. Also, it could protect you from liability and financial loss if somebody is hurt while on your rental property. There are a few reasons you should consider getting renters insurance. Read on to learn more!
Protection for Your Belongings with Renters Insurance
Taking inventory of your belongings is a smart decision. In an unfortunate incident, it is important to consider how you’d replace expensive electronic devices like smartphones, laptops, smartwatches, televisions, and gaming consoles. Also, it is needed to assess the value of your footwear and clothes, which can amount to hundreds of thousands of dollars. The furniture in your apartment should also be considered, including tables, love chairs, sofas, chairs, beds, recliners, and mattresses. Renters insurance is an effective way for covering all of these personal belongings and more.
Liability Coverage Reasons with Renters Insurance
Renters have to prepare for unforeseen events like someone getting hurt in their rented unit. If you can’t cover their medical bills, you could be the target of legal action. This might happen if your pet bites a guest, a party or gathering gets out of control, or somebody slips and falls. To protect yourself and your belongings from these circumstances, purchasing renter’s insurance is a very wise idea. This policy ensures that you are covered up to the liability limit outlined within your agreement, giving you peace of mind.
Additional Living Expenses Become Covered
If your rental home or apartment unit is damaged and can’t be lived in while repairs occur, your renter’s insurance policy could cover the additional expenses you build up. For example, if your monthly rent is around 900 dollars and you can’t stay in your apartment for the month while it is repaired, your renter’s insurance policy could cover the additional living expenses you build up while staying with a friend, eating meals out, and so on.
Renter’s Insurance is Cheap
Did you know that renter’s insurance is affordable? Here in the United States, the average monthly premium goes from anywhere from 15 to 30 dollars, depending on where you live and the amount of possessions you have. You can cover all your belongings and liability for the exact cast of a pair of movie tickets, so it is something you should consider before signing your apartment lease.
Come Home to Comfort and Convenience at Prescott Square Apartments
Nestled in the wooded hills of Pikesville, yet just moments away from Baltimore, Reisterstown, Randallstown, Millford Mill, Gwynn Oak, Old Court, Owings Mills, Garrison, Lochearn, and Windsor Mill, Prescott Square Apartments offers spacious apartment living spaces for everyone! We offer two-bedroom homes with wall-to-wall carpeting/hardwood flooring, central A/C, access to oversized patios/balconies, and maintenance whenever you need it. To set up an appointment to take a look at our apartments, call us at 443-213-8584 or visit our website!