Top Benefits of Renter’s Insurance

Byrnes Agency Insurance

Nowadays, more people are renting than ever before. Unfortunately, when it comes to the number of renters, far less have renter’s insurance. According to the Byrnes Agency Insurance experts, 31% of renters do not have insurance. If you don’t have insurance, here are some reasons why you should.

Damaged Belongings

Renters insurance covers your belongings. This is not only what you own but it also covers things that you rent or borrow. Anything in your possession is considered a property that you can cover under your renter’s insurance policy.

Legal Fees

What happens if someone is injured in your home or apartment? You might think that only homeowners have to worry about liability if someone is injured, but that isn’t the case. You still should have liability insurance, in case someone files a lawsuit against you.

Hotel Costs

What do you do if something happens to your home? Flooding, fire or repair work could have you out of your home for days or weeks. It’s important that you have someplace to stay in the meantime. Often, this means staying in a hotel. With insurance, some of those costs may be covered.
With all the benefits of renter’s insurance, it makes sense that more people should trust a renters insurance company with their belongings. Without renter’s insurance, you may not have the funds to pay for disasters later on.

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