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Reasons to get Renters Insurance

We strongly recommend that all renters purchase renters insurance! Here are the top reasons why.

  1. It's affordable- the average renters insurance policy costs $150 a year

  2. It can cover losses to your personal property- Renter's insurance can provide protection for a lot of things including but not limited to clothes, jewelry, luggage, computers, furniture, and electronics. Did you know that renters insurance can also cover the following?

Damage caused by aircraft

Damage caused by vehicles


Falling objects

Fire or lightning

Riot or civil commotion



Vandalism or malicious mischief

Volcanic eruption

Weight of ice, snow, or sleet

Windstorm or hail

Damage from water or steam from sources including household appliances, plumbing, heating, air conditioning, or fire-protective sprinkler systems

3. We require it! Our lease states that our tenants acknowledge they have renters insurance. You cannot sign our lease without agreeing that you will have renters insurance.

4. It Provides Liability Coverage- Most standard policies also provide liability c coverage, which provides protection if someone is injured while in your home or if you accidentally injure someone. Policies can cover court judgments and legal expenses, up to the policy limit. Most policies provide at least $100,000 in liability coverage.

5. It Might Cover Living Expenses - if your home becomes uninhabitable due to a covered item, your policy may cover the cost associated with living somewhere else temporarily. It may also cover food and other expenses.

These are just a few of the reasons to obtain renter's insurance. Policy coverages may vary by state and provider, but it is certainly worthwhile to call and find out today. A quick internet search will provide you with some providers. You can also call a local insurance broker at a company such as Allstate or Statefarm to learn more today!

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