As a tenant you may not think a lot here about renters insurance. However, it is crucial for the safeguarding of your personal assets against unexpected risks.
Whether your rented home is a quaint property in the outskirts or a bustling apartment in Columbia SC, renters insurance maintains its significance. Most of the time, renters conclude their personal possessions are insured under their landlord's policy. Nevertheless, this is sadly mistaken.
The landlord’s insurance policy usually covers the structure of the building and any fixed appliances. But, this does not include a renter's personal possessions in case they suffer from damage or theft.
In other words, if a disaster like a fire, burglary or flood damages or destroys your belongings, the cost of replacing those items will be on you, unless you are equipped with renters insurance.
Purchasing coverage for renters will help you get safeguarded from potential lawsuits. For example, if a visitor slips and falls within your rented property and decides to sue, your renter’s insurance policy can cover legal costs and any awarded damages.
To wrap up, renters insurance offers much-needed protection for tenants, and it could be a valuable investment. Whether you rent in Columbia SC’s downtown or in its suburbs, it is wise to secure your assets with a reliable renters insurance.