As a tenant it might not cross your mind to get renters insurance. But, renters insurance is essential for the safeguarding of your personal assets from unexpected risks.
Whether your rented home is a quaint property in the outskirts or a bustling apartment in Columbia SC, it's essential to have renters insurance. Often, renters conclude they will be covered under their landlord's insurance policy. However, this is a common misconception.
Landlord's insurance generally covers the building and any appliances or fixtures. On the other hand, it does not protect the renter’s personal items in case they were damaged or stolen.
That is to say, 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.
Purchasing insurance for tenants will provide protection against potential liability claims. Let’s say, if a visitor slips and falls within your rented property and decides to sue, your insurance can help cover the legal expenses and potential payouts.
To wrap up, renters insurance offers much-needed protection for tenants, and it could be a valuable investment. renters insurance 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.