When it comes to insurance protection, landlords have the responsibility of protecting their rental unit and surrounding property. As a tenant, you’re responsible to protect your personal possessions. You’re also responsible for the welfare of guests you may invite to the property. Renters insurance from Idaho Select Insurance, Meridian, ID, provides a means to protect both. Here are a few reasons why renters insurance is a good investment.
Protection of Personal Goods
With renters insurance, you can protect your personal goods against the risk of theft, damage or loss. If your goods are damaged in a fire or stolen while you’re on vacation, your insurance coverage will pay to have them repaired or replaced. The high cost of clothing, electronics, furniture and other goods can put a dent in your budget if you had to replace these out of pocket. If you own expensive items, it’s best to choose a policy with high enough limits to cover replacement costs.
Protection of Guests
If you entertain often or have relatives visiting for extended periods of time, you should consider liability coverage. Liability insurance protects you against the risk of accidents in your rented home or apartment. If your home has a pool or trampoline or you own a pet, your guests are at greater risk of having an accident. Liability insurance will cover the cost of injuries or damages sustained by a guest when visiting your property.
Protection of Rented Property
Renters insurance will pay for damages you inadvertently cause to your rented home or apartment. If you accidentally break a window playing ball or ruin your landlord’s living room carpet, renter’s insurance will cover repair or replacement costs.
To find out just how affordable renters insurance can be, contact an Idaho Select Insurance agent in Meridian, ID today.