If you do not own your own property, you may need renters insurance to protect your finances and your belongings in case of fire, theft or vandalism. Many renters do not realize that, even though the property owner has insurance on the building, the items in their unit are not covered. If a fire destroys the structure, the property owner will likely get the money he needs to rebuild while, as a renter, you will have to replace your own belongings out of your pocket.
Renters Insurance in Atlanta is an inexpensive policy that covers your personal property for the same kinds of losses that homeowners insurance covers the landlord. Though a typical policy costs less than $50 per month, most renters do not realize they need the coverage until a burglary, fire or busted water pipe occurs at their residence. Other things covered by renters insurance include personal liability if a guest is injured in the apartment, items stolen from inside a vehicle and food that is lost due to a power outage.
Parents, in particular should encourage their grown children to get a renters insurance policy. When young adults get their first apartment, they may not have the money to replace their things if they are lost or stolen. They often have very expensive electronic in their apartments, including computers, smartphones and televisions. Some parents even purchase the policy for their adult children so they will not have to replace anything if their child suffers a covered loss.
Renters insurance may be the last thing on a person’s mind when they lose their home to foreclosure. Moving from a house to an apartment can be an emotional experience but if you are in that situation, you cannot afford to forego renters insurance. Because those who lose their home to foreclosure often lose a lot of personal belongings as well, they need a renters insurance policy to protect what they have left.
Renters insurance in Atlanta can provide peace of mind to a renter. With renters insurance, your property will be replaced if your next door neighbour leaves a pot on the stove when they go to work or your iPhone is stolen from your parked car. Visit ATI Insurance for more information.
Renters insurance in Atlanta can provide peace of mind to a renter. For more information visit the website or Like us on Facebook.
