02 Jul Why Insure Your Rental Home?
You often hear us at Sava talk a lot about homeowners insurance, auto insurance, life insurance and all the other types of insurance on this blog. But while many insurance policies are huge investments and require some significant financial dedication, there is one policy out there that is not in any way a significant financial burden but still produces incredible insurance coverage.
Unfortunately, a significant amount of renters decide against insurance coverage because, well, they either don’t think about it, think their landlord’s insurance coverage will cover them, or they simply do think they have enough items to spend money on insurance coverage.
But here is the thing:
1) If you are living on your own and paying your rent, then you should already be thinking about insurance. Don’t forget about it before it’s too late!
2) Your landlord’s insurance coverage is a policy FOR YOUR LANDLORD, not your stuff. If a flood were to occur in the basement of the home you’re renting and some storage items of yours gets damaged, don’t expect your landlord’s policy to reimburse you. It more than likely will only pay the landlord to fix up the home.
3) Thinking that you don’t have enough stuff to have insurance is actually up to you. But trust us here at Sava, you a) have more valuable belongings than you realize or b) you’ll certainly realize this if a burglary were to occur and you don’t receive anything from an insurance claim, because you don’t have insurance to file one in the first place!
So if you are a renter, give renters insurance a look!
If you have any questions don’t hesitate to call us! We have the answers! (860) 437-7282