What Is Renters Insurance?

If you are like one of the other thousands of tenants in New York, you have probably rented your fair share of apartments or condos, and with that you’ve probably heard of renters insurance even if you haven’t taken out a policy. A lot of people think it’s not really needed but it can come in handy in a variety of situations. Basically, if you are paying rent, you should think about renters insurance as it can protect you in many cases where your landlord won’t be able to cover your belongings if they are damaged or stolen.

Other Situations To Consider

The main reason you may want to consider renters insurance, is that it can protect you when you think you don’t need it, which is the main reason most people get insurance in the first place. You never know what could happen, be it theft, fire, or just a slip a fall in the kitchen, but renters insurance can help in all three.

Renters insurance can also come in handy if you are displaced from your home and need to stay in a hotel for some reason. It will cover hotel costs and give you some peace of mind if you’re unable to stay in your apartment. One thing homeowners know is that they can be liable if someone gets injured in your home, but the same can be said if you are renting. If someone gets hurt while visiting you, renters insurance can cover their medical expenses.

Your Stuff Matters

If you are like anyone else, what’s in your residence is important to you. You want to make sure your belongings are safe and protected and renters insurance can do just that. It will come in handy if something happens like a leak and your items are damage.Renters insurance can also protect you if your items are stolen. If you have a nice watch or dress you’ve borrowed from someone that gets damaged when your closets floods, renters insurance can cover the cost of those items too even though they don’t belong to you.

Emergencies Happen

No one wants to think about someone breaking into their home, but it does happen. If the cops aren’t quick to find the burglar you could be out of luck. But with renters insurance, you can rest easy because you’re protected if you happen to be a victim of theft.

If you live in an area that is prone to having a fire season, renters insurance can be incredibly helpful. Even if you don’t live in an area that isn’t known for many fires, a fire can still happen. If a neighbor leaves their oven on and your place goes up in flames, renters insurance can provide you with lodging as well as replace your belongings.

Contact Us Today

Renters insurance is an affordable solution to problems that can cost you quite a bit, so reach out Willoughby Insurance in Buffalo, NY to discuss your options today!