When you move into an apartment for the first time, there’s a lot to think about. One of the things that you need to consider when renting is whether to get renters insurance.
Many people turn to renters insurance from U.P. Insurance Agency Inc., servicing Negaunee, MI, because they want the peace of mind and financial protection that can come from a relatively inexpensive renters insurance policy. Here’s what you should know about renters insurance.
Renters Insurance Coverage
Renters insurance coverage varies from one policy to the next, but a typical policy will cover items that are damaged in covered events like lightning strikes, fire, and theft. Coverage limits do apply, but if many of your possessions are damaged or destroyed in such an event, having a renters insurance policy can help you during the recovery process.
Renters insurance can also cover bodily injury or damage to someone else’s personal property if you’re responsible. Your insurance agent can tell you more about this. Finally, renters insurance usually covers loss of use, which means that if you have to stay in a hotel while waiting for your apartment to be repaired after a covered event, your insurance company will help with the costs.
Renters Insurance Benefits
Many people turn to renters insurance because they like the financial protection and peace of mind that comes from having this type of insurance. With renters insurance, you may save many hundreds or thousands of dollars.
Who Needs Renters Insurance?
If you rent an apartment, you may benefit from renters insurance. Contact U.P. Insurance Agency Inc., servicing Negaunee, MI to learn more about how much renters insurance will cost and whether this is a policy that makes sense for you.
