When you rent a place, it might not cross your mind to get renters insurance. Nonetheless, renters insurance is essential to equip your valuable belongings with protection from potential dangers.
Whether you live in a suburban rental condo or in downtown Columbia SC,, the importance of renters insurance insurance for renters remains the same. Often, individuals think their personal possessions are insured under their landlord's policy. But, this is sadly mistaken.
Most landlord’s insurance policies focus on the actual building and the permanent fixtures. But, it neglects to cover any personal belongings of the tenant in case they suffer from damage or theft.
That is to say, if a potentially damaging event like a fire, theft or flood occurs, you would bear the cost for their replacement, unless you are equipped with renters insurance.
Getting renters insurance can also ensure protection from liability claims. For example, if someone is injured at your rented place and chooses to file a lawsuit, your renter’s insurance policy can cover legal costs and any awarded damages.
To sum up, the protective benefits of renters insurance are significant for renters, and is an investment worth considering. Whether you rent in Columbia SC’s downtown or in its suburbs, it is wise to secure your assets with a reliable renters insurance.