When you rent a place, you may not think a lot about renters insurance. But, it is highly important for the safeguarding of your personal assets from unforeseen dangers.
Whether you live in a suburban rental condo or in downtown Columbia SC,, the importance of insurance for renters remains the same. Often, renters conclude that their landlord's insurance will cover their losses. Nevertheless, this is a common misconception.
The landlord’s insurance policy usually covers the structure of the building and any fixed appliances. But, it does not protect the renter’s personal items if they were damaged or stolen.
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 have a renters insurance policy to cover you.
Purchasing renters insurance could help you get safeguarded from potential insurance for renters lawsuits. For instance, if a guest gets hurt while visiting your rented home and they decide to sue you, you can lean on your renters insurance for help with legal fees and potential claims.
In conclusion, renters insurance offers much-needed protection for individuals renting their living spaces, and might be a worthy part of your budget. Whether you rent in Columbia SC’s downtown or in its suburbs, it’s time to consider protecting your possessions with renters insurance.