My landlord already has insurance. Why do I need renters insurance?

Having renters insurance from Cary-Wheeler & Associates Inc. is an important part of protecting your belongings and ensuring that you are covered if something happens to your apartment or rental home. Though your landlord may have their own insurance policy, it may not cover any of your personal property should it become damaged or destroyed in a fire, flood, theft, or other disasters here in the Richmond, VA area.

Benefits of Renters Insurance

Renters insurance can provide coverage for these scenarios, as well as providing liability coverage should someone get injured while on the property.

Renters insurance also covers additional living expenses if you need to temporarily move out of your home due to a covered loss such as a fire or natural disaster. This coverage can help with hotel bills and other costs associated with finding a temporary place to live until you can return to your rental home.

Finally, renters insurance also provides protection against personal legal claims. If someone is injured on the premises and files a lawsuit against you, the policy will step in to help pay legal fees, and settlement costs up to the policy limit.

Reach Out To Us

When it comes down to it, having renters insurance is essential for anyone living in a rental property. Not only does it provide financial protection in case of an emergency, but it also offers peace of mind knowing that you are covered from any potential risks that may occur on the property.

If you have any additional questions, give us at Cary-Wheeler & Associates Inc. a call today. We proudly serve the Richmond, VA area and would be happy to help you find a policy that meets your needs and your budget.