As a tenant it might not cross your mind to get renters insurance. But, renters insurance is essential for the safeguarding of your personal assets from potential dangers.
Whether you rent a house in a quiet suburb or have an apartment in the heart of Columbia SC, it's essential to have renters insurance. Often, individuals think they will be covered under their landlord's insurance policy. However, this is a common misconception.
Landlord's insurance generally covers the building and any appliances or fixtures. But, it does not protect insurance for renters the renter’s personal items in the event they were damaged or stolen.
In essence, should your possessions suffer loss or damage in an event like a fire, flood or break-in, the cost of replacing those items will be on you, unless you have a renters insurance policy to cover you.
Purchasing renters insurance can help you get safeguarded from potential lawsuits. For example, if someone is injured at your rented place and decides to sue, your insurance can help cover the legal expenses and potential payouts.
To wrap up, renters insurance offers much-needed protection for individuals renting their living spaces, and is an investment worth considering. No matter your renting location in Columbia, SC, it’s certainly feasible to protect your belongings with the right renters insurance.