As a tenant it might not cross your mind to get renters insurance. Nonetheless, renters insurance is essential for providing protection to your personal property from unforeseen dangers.
Regardless if you live in a suburban rental condo or in downtown Columbia SC,, renters insurance maintains its significance. Most of the time, people believe their personal possessions are insured under their landlord's policy. However, this is a common misconception.
Landlord's insurance generally covers the building and any appliances or fixtures. But, this does not include a renter's personal possessions in case they come under harm or theft.
In other words, if a potentially damaging event like a fire, theft or flood occurs, you would bear the cost for their replacement, unless you have insurance for renters.
Purchasing renters insurance will help you get safeguarded from potential lawsuits. For instance, if a guest gets hurt website while visiting your rented home and chooses to file a lawsuit, your renter’s insurance policy can cover legal costs and any awarded damages.
In conclusion, renters insurance offers much-needed protection for tenants, and it could be a valuable investment. No matter your renting location in Columbia, SC, it is wise to secure your assets with a reliable renters insurance.