As a tenant you may not think a lot about renters insurance. But, it is highly important for providing protection to your personal property against unexpected risks.
Regardless if you live in a suburban rental condo or in downtown Columbia SC,, it's essential to have renters insurance. Frequently, renters conclude their personal possessions are insured under their landlord's policy. However, this is a common misconception.
The landlord’s insurance policy usually covers the structure of the building and any fixed appliances. But, it does not protect the renter’s personal items in the event they suffer from damage or theft.
That is to say, should your website possessions suffer loss or damage in an event like a fire, flood or break-in, it falls on your shoulders to replace your damaged goods, unless you have a renters insurance policy to cover you.
Investing in insurance for tenants will also ensure protection from liability claims. For instance, if a visitor slips and falls within your rented property and decides to sue, your insurance can help cover the legal expenses and potential payouts.
To sum up, renters insurance offers much-needed protection for individuals renting their living spaces, and is an investment worth considering. No matter your renting location in Columbia, SC, it is wise to secure your assets with a reliable renters insurance.