Homeowners always carry insurance because the terms of their mortgage usually requires it, but renters are much less likely to have insurance. Whether they think they can’t afford it or they don’t need it, opting out of insurance can prove to be a mistake in the long-run. Renter’s insurance offers people a lot of great benefits.
Renter’s insurance offers coverage for fire-damaged, stolen and lost property items. Another benefit of renter’s insurance is legal assistance. Under this coverage, you have access to legal aid against any lawsuits you might incur. This protection is worldwide. No matter where you are, you will be covered.
Another benefit of renter’s insurance that most people don’t know about is medical coverage. I’m not talking personal health coverage, but protection in case a guest injures himself or herself while on your premises. This coverage is available to your guests regardless of liability.
Insurance coverage always offers peace of mind. Whether you use it or not, the fact that you know it is there is comforting. Renters insurance is affordable. Call Insurance Doctor if you have questions about renter’s insurance.