Why You Need Renter’s Insurance How much do you believe your belongings are worth? If they were stolen or destroyed in a fire, would you want compensation? If you live in an apartment without renters insurance, your deposit to your landlord will not be able to cover these costs. You may think you are not susceptible to these things, and that you do not plan on causing any damage to your apartment – but the actions of guests in your home or natural disasters may put you in a tight spot if you do not have renters insurance. There were two roommates living in Boston together – Casey had renters insurance and Jessica did not. When their apartment was broken into and their electronics stolen, Casey was able to get her money back while Jessica was left without it. When she had gotten her renters insurance, Casey recorded a video of her entire apartment, including the serial numbers on each of her electronics, which ensured her money back. Jessica now has renters insurance and encourages all of her friends to do likewise. Renters insurance in Conway, South Carolina is typically very cheap, and only costs about $15-$30 a month. Depending on the claim you make after an accident, you could receive up to $30,000 or more in compensation. Are your belongings worth that much to you?
Not Only One Benefit, You Know The benefits of having renter’s insurance are numerous. For example, if your apartment is destroyed in a fire, you will need another place to stay. The renters insurance can provide this for you and pay for it as well. Surprisingly, renters insurance can also protect you when it comes to liability lawsuits. If a guest in your home is injured there or bitten by your dog, you could potentially be held responsible in court. However, you will have no financial obligations as your renters insurance will cover the cost for you. Studies show that 96 percent of homeowners have homeowner insurance whereas less than half of apartment renters have renters insurance. Accidents in the home are just as likely to
happen in apartments as anywhere else and renters insurance can save you a lot of money and heartache. Colonial Insurance in Conway, South Carolina wants you to know that it is not your job to worry about renters insurance – it is theirs. Once you have it, you should not have any worries or second guesses because the guarantee of protection is worth every cent. Living in an apartment can sometimes feel transient. You are not living at home anymore and you are not yet living in a home with a family of your own. But you need every little bit of protection you can possibly get. With renters insurance, you do not have to fear a fire, burglary, wind-related natural disaster, or having guests over or stay in your home. You can come and go as you please with the knowledge that Colonial Insurance is taking care of you and your apartment and take comfort in the fact that they really care about you.
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