If you’re wondering, “Do I need renters insurance?” the answer is a resounding, “YES!” if you rent your home. Those who already have renters insurance understand its importance. If not, we want to educate you about renters insurance and how it can help protect you in the event of a fire, theft, or other damage to your home.
What Is Renters Insurance?
First of all, let’s talk about what renters insurance is and what it isn’t. Renters insurance is a type of insurance policy that you can purchase to cover your personal belongings, as well as any injuries to yourself or others in your home, in the case of a fire or other catastrophic event.
Most landlords, including Center Pointe Apartments, have insurance covering those sort accidents. However, their insurance only covers their property and buildings — not your personal belongings. Their insurance also does not cover medical bills for any injuries which occur inside your home. Your renters insurance policy may cover this, depending on the type of policy you purchase.
Renters insurance also helps you replace all the lost or damaged items in your home from fire or other catastrophes. Renters insurance covers items such as furniture, clothing, electronics, jewelry, and your other valuables. Keep in mind that renters insurance usually does not cover damage from natural floods. However, they may cover water damage that occurs within your home from something like a burst pipe.
Each policy varies, so be sure to check the terms and make sure you understand exactly what is and isn’t covered. The good news is that renters insurance is usually very affordable, often as low as $20-30 per month.
Where Do I Purchase Renters Insurance?
You can purchase renters insurance through many different insurance providers. To get the best deal, check with your current car or life insurance provider first. They may also offer renters insurance. Many insurance companies will give you reduced rates if you purchase multiple policies for different types of insurance through them.
Now That We’ve Answered the Question: “Do I Need Renters Insurance?” Are You Looking for a New Apartment to Rent?
Live in the center of it all in Waldorf, MD. At Center Pointe Apartments, we love providing our residents with helpful information to help them manage the responsibilities their busy lives demand. Our residents have easy access to shopping, entertainment, and great schools. Reach out to us today to schedule a tour and see why we are a Top Rated apartment community on ApartmentRatings!