As the generous contributions continue to pour in to help rebuild their lives, additionally insurance payouts would have provisioned them with a place to stay, their meals eating out and replacement of their personal property.
Many renters don’t buy renters insurance for they make the mistake thinking their landlord’s insurance will cover their belongings, when it in fact does not. Others feel that renters insurance is too expensive or they don’t believe their belongings are valuable enough to insure. On the contrary, the fact remains that renters insurance is one of the true bargains that insurance companies have to offer. It is a very small price to pay to make sure a renters’ personal property is safe. Consider all you would lose and how much it would cost to replace your furniture, food, clothing, appliances, electronics, etc. Furthermore, renters insurance is often discounted for those who have multiple policies with the same company. If you insure your apartment where your auto insurance is covered, you can save a significant amount of money.
In addition to the personal property protection, renters insurance also covers liability. Consider this, if you have guests in your home and someone slips and falls and is injured, your insurance would pay in the event you are sued. Potentially a lawsuit could run into thousands of dollars when covering for loss of wages, medical bills and pain and suffering. So, not having liability coverage could cost you your life savings.
Whether you rent an apartment, condo or townhouse, consider talking to your agent about Renters Insurance. You can’t put a price on knowing that your covered in the event of a total loss.
Here at Donald J. Medeiros Insurance Agency our goal is to try to help our viewers by suggesting solutions for all insurance needs. By no means can we address each reader’s specific concerns in every incident. So, we strongly advise to check with an insurance representative to address your specific needs. However, you can also contact us for any questions or concerns and we will be happy to help you. We can offer coverage for both Massachusetts and Rhode Island communities.