{"id":5618,"date":"2021-04-23T07:20:00","date_gmt":"2021-04-23T14:20:00","guid":{"rendered":"https:\/\/www.costulessdirect.com\/?p=5618"},"modified":"2022-12-23T23:50:26","modified_gmt":"2022-12-23T23:50:26","slug":"do-you-need-renters-insurance","status":"publish","type":"post","link":"https:\/\/www.costulessdirect.com\/blog\/do-you-need-renters-insurance\/","title":{"rendered":"10 Reasons Why You Need Renters Insurance"},"content":{"rendered":"\n

When you move into a new place, it\u2019s an exciting time. Just make sure you don\u2019t get caught up in all the excitement and forget the important things, like renters insurance<\/a>. Still on the fence about whether or not you need it? Trust us, you do! Renters insurance is crucial to have for several reasons, which we\u2019ll go into more below.<\/p>\n\n\n\n

1. Your Landlord Requires It<\/a><\/h2>\n\n\n\n

When you move into a new place, many landlords require you to have renters insurance<\/a>. This will usually be stated in the lease, so make sure you read it carefully. It may stipulate how much coverage you need. In California, there are minimum amounts of coverage<\/a> if you choose renters insurance. For personal liability, you\u2019ll need to have at least $100,000. And for medical payments to others, the minimum coverage is $1,000.<\/p>\n\n\n\n

The main reason landlords want you to have renters insurance is so you don\u2019t hold them responsible for your belongings if there\u2019s a fire or other damage to the apartment. Their homeowners insurance policy<\/a> only covers the building itself, so your renters policy will fill in the gaps for your personal belongings.<\/p>\n\n\n\n

2. You Can Protect Your Things<\/a><\/h2>\n\n\n\n

Let\u2019s say there\u2019s a fire in your place, and all your stuff is burned. A renters insurance policy helps you get reimbursement for your belongings! Even if you think you don\u2019t have that much valuable stuff, a renters insurance policy can cover everything from furniture to electronics. All this stuff adds up if you need to replace it.<\/p>\n\n\n\n

If you have a roommate, keep in mind that your policy won\u2019t cover their things<\/a> if there\u2019s an accident or burglary. You might want to think about opening a policy together and splitting the costs.<\/p>\n\n\n\n

3. You Can Protect Visitors<\/a><\/h2>\n\n\n\n

If someone were to get injured at your place, they have the right to sue you. If they do and a court determines your negligence led to their injury, you could have to pay for all of their medical bills. This might include things like having your dog bite someone or someone falling on a wet floor.<\/p>\n\n\n\n

Liability coverage can pay for a person\u2019s medical bills, so the costs don\u2019t come out of your pocket.<\/p>\n\n\n\n

4. You Can Have a Place to Stay<\/a><\/h2>\n\n\n\n

Let\u2019s say your apartment is totaled because of a flood. It will take a few months for repairs to be finished so you can move back in. Where do you go until then?<\/p>\n\n\n\n

This is when your renters insurance kicks in. When you choose loss of use protection, you\u2019ll receive compensation for staying in a hotel room while your home is unlivable. Of course, this takes into account your normal rent price, so your reimbursement will kick in after that amount. That way, you won\u2019t have to couch surf from friend to friend while you are waiting to get back to your place.<\/p>\n\n\n\n

5. You Can Have Additional Living Expenses Covered<\/a><\/h2>\n\n\n
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Of course, being displaced from your home after a disaster includes more than just housing. Since you won\u2019t have access to your kitchen, you\u2019ll need to buy all new food or go out to eat every day. Your renters insurance can help foot the bill for some of these expenses. It might sound like a small thing, but just think how much eating out for every meal will add up.<\/p>\n\n\n\n

6. You Can Relax During a Disaster<\/a><\/h2>\n\n\n\n

When a natural disaster strikes, it\u2019s a terrifying time. Hurricanes, floods, tornados, and even wildfires are becoming more and more common, and they wreak havoc everywhere they occur. Having renters insurance can give you peace of mind during these tumultuous times. If you have to evacuate or stay with relatives, you can relax knowing your insurance policy will protect your home if all is lost. Just a few dollars a month can make sure even the worst of times is more bearable.<\/p>\n\n\n\n

7. You Can Get Help After a Burglary<\/a><\/h2>\n\n\n\n

Renters insurance isn\u2019t just about protecting your place during a weather event. It can also kick in if someone breaks in and steals or damages your items. Whether a burglar takes your flat-screen TV or your grandmother\u2019s diamond earrings, you can get compensation for these items as long as you have them listed on your policy. You\u2019ll get either the actual cash value or the replacement cost value<\/a>, depending on the type of coverage you have set up.<\/p>\n\n\n\n

8. You Are Protected Even When Traveling<\/a><\/h2>\n\n\n\n

Heading out on a trip? Planning to take some expensive electronics with you? Don\u2019t worry, as your policy will cover these! Because your renters insurance covers your belongings, it still works even outside of your home. This means if someone nabs your iPad while you\u2019re sleeping on a train, you can probably get reimbursed. Just make sure to read the specific language in your policy, though.<\/p>\n\n\n\n

9. You Don\u2019t Have to Break the Bank<\/a><\/h2>\n\n\n\n

Good news \u2014 getting renters insurance isn\u2019t a costly expense that will wreak havoc on your budget. In most cases, it\u2019s usually quite affordable! The National Association of Insurance Commissioners estimates the average premium for renters insurance is just $15 to $30<\/a>. Of course, that will vary depending on your apartment\u2019s size, the amount of property you own, and where you live. It\u2019s a good idea to think about how much renters insurance you\u2019ll need<\/a> before checking out policies so you can nail down a more accurate estimate.<\/p>\n\n\n\n

10. You\u2019ll Have Ultimate Peace of Mind<\/a><\/h2>\n\n\n\n

It\u2019s such a load off your shoulders to know that all of your possessions are covered should the worst happen. Life is unpredictable, and all of your things could be gone in a flash. With renters insurance, you\u2019ll at least have compensation for these lost items. Rebuilding is always tough, but it\u2019s so much easier when you have the money to get started.<\/p>\n\n\n\n

Choose Renters Insurance From Cost U Less<\/a><\/h2>\n\n\n\n

When you\u2019re ready to shop renters insurance, consider Cost-U-Less\u2019s affordable policies. Get your free quote today online<\/a> or give us a call at 800-538-3213<\/a> to learn more.<\/p>\n\n\n\n

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When you move into a new place, it\u2019s an exciting time. Just make sure you don\u2019t get caught up in all the excitement and forget the important things, like renters insurance. Still on the fence about whether or not you need it? Trust us, you do! Renters insurance is crucial to have for several reasons, […]<\/p>\n","protected":false},"author":1,"featured_media":6793,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[701],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/wp\/v2\/posts\/5618"}],"collection":[{"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/wp\/v2\/comments?post=5618"}],"version-history":[{"count":1,"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/wp\/v2\/posts\/5618\/revisions"}],"predecessor-version":[{"id":6794,"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/wp\/v2\/posts\/5618\/revisions\/6794"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/wp\/v2\/media\/6793"}],"wp:attachment":[{"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/wp\/v2\/media?parent=5618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/wp\/v2\/categories?post=5618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/wp\/v2\/tags?post=5618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}