Renter’s insurance may be often not considered by renters, but it shouldn’t be. Renter’s insurance protects you in the event of a catastrophe. Renter’s insurance is  policy for renters the covers the replacement value of your personal belongings, such as clothing, furniture, camera, television and other personal items. Landlords carry insurance for their building but the Landlord’s insurance does not cover your valuables and personal property. Should there be a fire, break-in, or natural disaster, you could face serious repairs and replacement costs. As a renter, you could also face the risk of personal liability injuries, guest medical claims and emergency living expenses.

Renter’s policies offer personal property replacement protection, personal liability protection, guest medical benefits and emergency living expenses. Renter’s insurance covers hazards which are specifically listed in the policy, such as theft, fire, smoke damage, vandalism, malicious mischief, falling objects and explosions. Renter’s insurance can also include liability coverage, which would protect you if someone were injured in your home or apartment from an accident . Renter’s insurance would cover legal defense costs in case of a lawsuit. Renter’s insurance includes a deductible the higher the deductible the lower the premiums will be.

As a renter, you are required to purchase renter’s insurance per your Lease. By obtaining renter’s insurance, you are protecting your assets, valuables and personal property. An insurance agent can assist you in determining your insurance policy needs. Your automobile insurance agent is a good place to start.