Insurance for Renters: The Need to Protect Your Belongings

As a tenant you may not think a lot about renters insurance. But, renters insurance is essential for providing protection to your personal property from potential risks.

No matter whether you live in a suburban rental condo or in downtown Columbia SC,, here it's essential to have renters insurance. Most of the time, renters conclude they will be covered under their landlord's insurance policy. However, this is a common misconception.

The landlord’s insurance policy usually covers the structure of the building and any fixed appliances. But, this does not include a renter's personal possessions if they suffer from damage or theft.

In other words, if a potentially damaging event like a fire, theft or flood occurs, the cost of replacing those items will be on you, unless you are equipped with renters insurance.

Getting renters insurance could also ensure protection from liability claims. Let’s say, if a guest gets hurt while visiting your rented home and they decide to sue you, your renter’s insurance policy can cover legal costs and any awarded damages.

To wrap up, insurance for renters is a vital shield for individuals renting their living spaces, and is an investment worth considering. Whether you rent in Columbia SC’s downtown or in its suburbs, it’s certainly feasible to protect your belongings with the right renters insurance.