The Benefits of Renters Insurance

Renters insurance is a valuable resource to have and can give you peace of mind that your things are protected wherever you go. But still, the bulk of renters don’t know just how valuable renters insurance is, so we’ve highlighted some important details about how this smart, supportive and affordable coverage helps protect what matters most to you.

The Nitty Gritty on Renters Insurance

When it comes down to it, the cost of renters insurance isn’t much more than a dinner out with friends or family — and it’s just as satisfying. Let’s take a look at a few instances where the affordability of renters insurance comes in handy.

Protects your possessions. Consider the value of everything you own — it probably adds up, right? If someone were to break into your apartment and steal your television or computer, could you afford to replace it on your own? Having rental insurance protects you financially, for example, in the event someone breaks into your place and steals valuable possessions, your belongings get destroyed from smoke or fire damage, and even in the event you leave a window open and your computer gets rained on.

You’re probably saving up for important things, like your first home or maybe even a family, so it’d be a pretty penny to try and recover from any of these instances. You can track all of your belongings using our DreamVault app, so in case anything unexpected were to happen to your things, you’d conveniently have everything up-to-date.

Liability protection. If you have a guest over and they slip on your wet floor and break an arm, your renters insurance can help pay their medical bills. You’ll even be protected if you go to a friend’s place and, for instance, things get out of hand at a pool party where you end up sending someone to the hospital for stitches. The liability coverage on your renter policy will help cover the cost.

Coverage on the go. Another perk of having renters insurance is that it follows you wherever you go. Let’s say you’re at your favorite java joint finishing up some work. You get up to refill your coffee, but when you get back to your table, your computer is missing. Fear not! Your renters insurance will help cover the cost to replace it. Whether you’re traveling for work, on vacation or simply out with friends, your renters insurance has your back.

Identity theft coverage. When you have renters insurance, you have the option to add identity theft protection for a small, affordable fee. This added coverage can save you loads of time, money, stress and your overall sanity in the event your identity is ever stolen. We’ll help provide you the resources and know-how to overcome the problem, and you’ll rest easier knowing your identity restoration process is in good hands.

Loss of use. If something happens where you would need to temporarily relocate, your landlord isn’t going to foot the bill. Let’s say your upstairs neighbor forgot to turn the bathtub off, causing water to overflow, leak through the floor, and mightily rain down on you and all of your belongings. Would you be able to afford a hotel and food expenses while your dwelling gets back to order? When you find yourself stranded without a roof over your head, your renters coverage will help cover your hotel and other expenses while you’re temporarily displaced.

Peace of mind. Having renters insurance is like an invisible shield around you and your belongings you worked so hard for. When you make the smart decision to protect yourself with renters insurance, you’ll have peace of mind knowing you’re proactively protecting everything that makes you distinctively you.

Renters insurance is more valuable than you thought, huh? Now that you know the benefits of renters insurance, check in with your American Family Insurance agent — they’ll help you build a customized renters insurance policy that fits your needs and lifestyle.

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Related Topics: Renters