The Benefits of Having Renters Insurance
There are many benefits of renting a home—not being able to pay for the mortgage, home upkeep or getting stuck in one place too long. But you still need a renters insurance to financially protect yourself and your possessions. Below you will find some benefits of having renters insurance and it could just change your mind about insurance all together. 
Renters insurance is the type of insurance coverage that protects your belongings against bad events such as water damage, lightning, fire, smoke, windstorms, theft, and vandalism as listed in the policy.
Renters insurance does cover more than just your belongings at home. Renters insurance also covers:
Hotel or rent costs
If your place becomes uninhabitable due to a disaster and you need to find somewhere else to live temporarily, renters insurance will cover you for that. The policy includes “additional living expenses” that is used to reimburse you for extra expenses incurred like the cost to stay in a hotel or rent another apartment.
Medical expenses for injured guest
Renters insurance provides a medical coverage in the event a visitor is injured in your home during the disaster. This policy can be used to pay medical bills for injured visitors at your apartment.
Damage to others
A liability insurance to cover injuries or damage you or your family cause others are also included in renters insurance. This means that in the event your kids break or damage a neighbor’s rare antique, the policy could pay to replace it.
Legal costs
If someone gets injured while in your home or you accidentally hurt somebody, and you are sued, renters insurance provides a liability coverage that will pay for legal costs and court awards. The amount of liability insurance depends on your policy’s limit.
Dog Bites
Although not all renters insurance provides coverage if your dog bites someone, it is important to check your policy for this coverage. It can protect you in case your dog bites someone, either at your home or off the property.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.
