Here’s a quick breakdown about what most policies cover.
Think of everything you own. Now try to assign a dollar amount to all those items. Pretty crazy, isn’t it? A standard renter’s insurance policy offers you coverage for theft, loss or destruction of your personal belongings in the event of fire, storm or other natural disasters. From your clothing to your furniture to your electronics to even more expensive and irreplaceable items, these policies can help you replace these items.
You can even take out an extended coverage plan that will provide you with higher limits of coverage to really ensure that your items are safe and sound. Can you imagine anything worse than finally finishing your 25-page term paper and having someone suddenly and unexpectedly steal your laptop!? This could absolutely happen!
Liability coverage is also another standard item that often comes bundled with your renter’s insurance. This is great in case someone injures themselves at your place and needs serious medical attention. You could, unfortunately, be found at fault. So, if you friend trips and falls down the stairs or someone cuts themselves with a knife in your kitchen, liability insurance will help cover those costs.
Finally, additional living expenses are also included in renter’s insurance. Now, this doesn’t mean your policy is giving you free money to go spend around town. But, it will give you supplemental income if you are the victim of a fire or other disaster and your apartment is deemed unlivable. This means that your policy will cover expenses to include things like hotel bills, food, and other day-to-day occurrences. This means no crashing on a friend’s couch or moving back into the dorms!
College is hard enough without having to deal with pending “what ifs?” regarding your apartment. Do yourself a favor and drop the extra cash each month. You’ll rest easier knowing that someone else is also looking out for you!
Has your interest in Renter’s Insurance been peaked? Checkout a free online quote here.
