Why You Should Invest In Insurance While Renting

It's hard to always be properly prepared in life. However, when it comes to house fires, burglaries, and other accidents, you can never be truly prepared. That's when insurance comes into play. There are a variety of different insurance policies out there to help protect you from the unknown. If you are renting your apartment or your home, it's important to have a policy that covers your belongings. Many think their belongings are insured under the landlord’s policy, but that policy only covers the building itself. When it comes to your personal belongings, you'll need to purchase renters insurance. 

Renters insurance provides coverage for your belongings including your clothes, household items, and furniture. Depending on your policy, it may also cover your jewelry and electronics, but there may be some limitations. Your insurance typically includes personal liability coverage in case you are held liable for bodily injury or property damage, personal property coverage, and additional living expenses.

Statistics show that 95% of homeowners have insurance, but only 37% of renters carry renters insurance. This may be due to the fact that renters think they are covered by their landlord's policy. Others don't understand the true value of all their belongings. Some people even think renters insurance is expensive. However, the cost is one of the best reasons to purchase renters insurance as it's rather inexpensive for a yearly policy. Choosing different variables will affect the cost, but over-all a renters insurance policy is very cost-effective.

Benefits of Rental Insurance

• Covers personal property- A renters insurance policy will protect your belonging. This includes things such as clothes, furniture, jewelry, electronics, and more. It can quickly add up to a lot more than you realize if you have to replace all your belongings. 
• Protection against many perils- Renters insurance policies will protect you from a long list of perils including damage caused by aircraft or vehicles, explosions, falling objects, fire, lightning, riots or civil commotion, smoke, theft, vandalism, the weight of snow, sleet, or ice, windstorms, and more.
• Requirement- Renters insurance may be a requirement from your landlord. Their insurance will cover the actual building and the grounds, but not your belongings. Your landlord may even require proof of renters insurance. 
• Liability coverage - With a standard renters insurance policy, liability coverage is included. This provides protection if someone is injured or you injure someone at your rental.
• Covers you when you travel- Your insurance will cover your belongings anywhere you go. So, whether they are in your home, car, or with you while you travel, you will be protected. Your belongings will be covered if there is loss due to theft and other covered losses anywhere you travel in the world.

Contact Us for Renters Insurance in Troy, Clifton Park, Albany, NY & Beyond

Whether you are at home or on vacation, it's important to protect your belongings from the unknown. And, at such an affordable rate, it's a no brainer. At Apple Auto Agency, serving the Troy, Clifton Park, Albany, Schenectady, and Rensselaer, NY areas, we help customers find the right type of renters insurance to cover their needs. Contact us today for more information or to receive an insurance quote!