- Thursday, July 21, 2011
It is important to have renters insurance
if you live in an apartment in Ridgeland, SC
. Your landlord has insurance, but it probably only covers the building not your belongings. If, during a break-in, your possessions are stolen or if they are damaged by a fire or severe weather, a renter’s insurance policy will allow you to recover their value
. Also, if someone is injured during an accident in your home, renters insurance will help protect you in a liability lawsuit
Renters Insurance covers but is not limited to fire or lightning, windstorm or hail, freezing of the plumbing system, and theft. Renters Insurance doesn't cover bodily injury or property damage caused by the insured, business pursuits, professional services, or the ownership, operation, use, or maintenance of aircraft, motor vehicles, and certain watercraft.
Many believe that the landlord's insurance will cover them. But your landlord's insurance generally only covers the building where you live
, not your personal belongings and your liability. Many renters
also believe that they don’t need personal liability insurance
. Without liability coverage, your current and future earnings could be at risk. Renters insurance coverage may also provide legal defense costs.
Don’t kid yourself by thinking that you don't own very much. Most of the time, one’s belongings are often worth more than they think.
If you live in an apartment
, take stalk of what you own, and if you have items that you value or that are you could not replace easily without incurring debt, consider a renters insurance policy for peace of mind