There’s a lot that goes into moving into a new apartment. You have to figure out how to get all of your stuff from one place to the new place, clean, and buy new items. ALong with all of the new items you need to purchase for your apartment, you need to consider what will happen to those items if something were to go wrong.
Fires, floods, and other natural disasters hit homes all the time. In order for you to be fully protected, whether if you’re living in a house or an apartment, you need to have insurance. Insurance can help protect and even replace the items that were lost in the house fire, for instance. If you’re on the hunt for renters insurance, you might have heard some things about that aren’t true. Let’s debunk a few of those myths and get you the correct information.
My Landlord’s Insurance is Enough
Too good to be true, right? Well, that’s because it is. Sure, you might think that your landlord’s insurance is enough to protect your personal belongings, but the truth is, that insurance usually only covers the building itself. If you don’t have your own insurance, it’s not guaranteed that all of your belongings will be covered.
My Belongings are Cheap so I Don’t Need Insurance
No matter how much your belongings cost you, you will still benefit from having the home insurance for renters. The amount of each person’s items usually averages out to around $20,000. So, if you’re okay with that money going down the drain, then don’t worry about insurance. However, most people will be concerned about that number and don’t want to lose what they’ve put money into, so they will choose to opt for the insurance. Here’s a tip: When thinking about your items, make a list of what you own. That way, if something were to happen, you’d have valid information to give to the insurance company. According to the Insurance Information Institute, on average, over the past nine years, almost half of the homeowners said they had an inventory of their possessions to help document losses for their insurance.
Renters Insurance is Hard to Get
Many people believe that renters insurance is hard to get. However, that is far from the case. With the way of the world as it is today, you can usually access insurances with the click of your computer mouse.
We’ve all heard about term life insurance, auto insurance, and boat insurance. However, if you’re not in a place to think about term life insurance, consider getting signed up for a renters insurance plan. This is something that will help you now and be there in case something were to happen to your belongings. So, for now, if you rent an apartment, don’t focus on the term life insurance, and set your mind on acquiring renters insurance.