As a tenant you may not think a lot about renters insurance. But, it is highly important to equip your valuable belongings with protection against unexpected risks.
Regardless if you live in a suburban rental condo or in downtown Columbia SC,, it's essential to have renters insurance. Most of the time, people believe their personal possessions are insured under their landlord's policy. But, this is a common misconception.
Landlord's insurance generally covers the building and any appliances or fixtures. However, it does not protect the renter’s personal items if they come under harm or theft.
That is to say, if a disaster like a fire, burglary or flood damages or destroys your belongings, the cost of replacing those items will be on insurance for renters you, unless you are equipped with renters insurance.
Getting insurance for tenants could help you get safeguarded from potential lawsuits. For instance, if a visitor slips and falls within your rented property and decides to sue, your renter’s insurance policy can cover legal costs and any awarded damages.
To wrap up, the protective benefits of renters insurance are significant for individuals renting their living spaces, and is an investment worth considering. Regardless of where you might rent in Columbia, SC, it’s certainly feasible to protect your belongings with the right renters insurance.