The Importance of Renter’s Insurance in Naples, FL
Life events can be quite unexpected—especially when renting a property. Do you know what your neighbors are doing? What could that loud BOOM be?! Was it from the apartment upstairs? There’s no way to know what the neighbors will do next. There’s also no way to control or know what is going to happen with the weather or disasters like fire. If those situations aren’t bad enough, what if someone breaks in and steals your belongings and/or vandalizes the property?
This is why renters insurance is so important for protecting your assets and personal property. Landlords typically carry some degree of tenant insurance, but it’s usually the minimum and it won’t cover reimbursing you for losses. Landlords simply won’t pay to cover their tenants losses because it costs them money. This is why it’s up to you to protect yourself and your belongings.
Your Personal Property Is Worth More Than You Think
Since you’re a renter and not a homeowner, you probably believe your personal belongings aren’t worth enough to warrant renters insurance. This is untrue. Most tenants own more than $35,000 of personal possessions. This is just an average, too. Some people have much more in total worth, and all of that money will be lost if there isn’t a renters insurance policy.
What’s Included in Renters Insurance Coverage
A good renters insurance policy will protect all of your belongings. If a disaster should occur, you would receive the amount of money those items were worth. Renters insurance makes it possible to replace your items, so you can get back to your life as soon as possible.
Renters insurance protects people from the consequences of fires, wind and hailstorms, lightning strikes, burglary, and other unexpected accidents.
What Does Renters Insurance Not Include
Renters insurance does not include the following:
- Flooding
- Earthquake Damage
- Property Deterioration and Neglect
- Birds, Rodents, Bugs, Insected, and/or Domesticated Animals