As a tenant the idea of obtaining insurance for renters could be far from your thoughts. However, it is highly important for providing protection to your personal property from unforeseen dangers.
Regardless if your rented home is a quaint property in the outskirts or a bustling apartment in Columbia SC, the importance of insurance for renters remains the same. Most of the time, renters conclude that their landlord's insurance will cover their losses. However, this is often not the case.
Most landlord’s insurance policies focus on the actual building and the permanent fixtures. On the other hand, it does not protect the renter’s personal items if they suffer from damage or theft.
In essence, if a potentially damaging event like a fire, theft or flood occurs, the cost of replacing those items will be on you, unless you have insurance for renters.
Purchasing insurance for tenants can provide protection against potential liability claims. For instance, if someone is injured at your rented place and they decide to sue you, your renter’s insurance policy can cover legal insurance for renters costs and any awarded damages.
In conclusion, renters insurance offers much-needed protection for renters, and might be a worthy part of your budget. Whether you rent in Columbia SC’s downtown or in its suburbs, it’s time to consider protecting your possessions with renters insurance.