How Can Renter’s Insurance Save Your Personal Property?

How-Much-Apartment-Can-You-AffordRenters insurance can help protect your goods in the event of theft, loss or damage due to fire, storms or vandalism. Even if your landlord has property insurance, there’s no guarantee your belongings are safe under his policy. By acquiring a separate renter’s insurance coverage, you can be assured of adequate protection for your valuables.

Renters face the same property damage risk as any homeowner. An accidental fire or natural catastrophe could destroy everything you own at a moment’s notice. If you suddenly lost all your furniture, electronics, home appliances or wardrobe due to some eventuality, would you have the funds to replace them or would you have to do without until you accrue substantial savings?

With renters insurance, you would be reimbursed for the actual cost of your belongings taking into account depreciation or receive funds to replace your items, depending on the coverage you choose. Either way, you have protection for your personal goods to enable you to carry on.

For more information on renters insurance coverage and costs in Minnesota, contact The Insurance Shop in White Bear Lake, MN.