Home PA Office: 400 Upland Avenue, Brookhaven, PA 19015
NJ Branch Office: 500 E Landis Avenue, Vineland, NJ 08360
Do I really need Renters Insurance?
Yes, even if you don't own a lot of valuable items, it's generally a good idea to have renters insurance because it can protect you from significant financial losses if your belongings are damaged or stolen due to fire, theft, or other covered events, and it can also provide liability coverage if someone is injured while visiting your rental property; considering the relatively low cost, it's often considered a worthwhile safety net for renters
Typical Home Insurance Coverages
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Protects your belongings:
Even everyday items like clothes, electronics, and furniture can add up to a substantial cost if they need to be replaced after a covered incident.
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Liability coverage:
If someone is injured while visiting your apartment, your renters insurance can help cover legal costs associated with a lawsuit.
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Additional living expenses:
If your apartment becomes uninhabitable due to damage, your policy can help pay for temporary housing costs like hotel stays.
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Affordable cost:
Renters insurance is typically quite inexpensive, making it a cost-effective way to protect yourself.
Do you need to consider not getting renters insurance?
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Minimal possessions:
If you truly own very few valuable items and are comfortable potentially replacing them out of pocket, you might decide against renters insurance.
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Landlord's insurance:
While your landlord's insurance covers the building structure, it does not cover your personal belongings, so even if your landlord has insurance, you still need your own renters policy.