When you rent your home, it’s important to have insurance coverage similar to home insurance. However, this doesn’t need to cover the physical property—that’s the owner’s responsibility. As a renter, you need many protections, and renter’s insurance provides them. If you are renting your home and don’t have renter’s insurance, contact us at Will Wright Agency Inc. in Decatur, AL.

Covering Your Belongings

Renter’s insurance covers all your belongings in the same way that home insurance would. Having financial protection for your belongings is essential, as they can all be damaged or destroyed in a disaster. If this occurs, you may need to replace your items, which can be highly costly without insurance.

Protecting Your Liability

Even though you may not own the property, you are still financially accountable for what happens there. If a visitor were to get injured at your place, they might have medical bills and other costs for which you would be responsible. Renter’s insurance provides you with liability coverage, which means the policy could pay for these expenses rather than you. These costs can include legal fees, lost wages, and more.

Catastrophe Protection

Imagine a serious disaster occurs at your home, resulting in extensive damage and necessitating major repairs. Events like these are more common than you might think, and it can be extremely costly to have to find temporary accommodations while your home is being repaired. Renter’s insurance covers the costs of living elsewhere while your home is being fixed.

Get Your Renter’s Insurance Policy

Having a renter’s insurance is crucial if you’re a tenant. If you don’t have coverage yet, contact us at Will Wright Agency Inc. in Decatur, AL to get started.