Why Do You Need Renters’ Insurance?

If you rent your home, there are many different ways that things can go wrong and leave you in the lurch. With renters’ insurance, you can guard against many of these scenarios and keep yourself financially protected. Do you really need renters’ insurance? Yes! Most landlords require renters to have it, and even when they don’t, it’s important coverage to have. Call us at Keltner Insurance in Memphis, TN to learn more.

Losing Your Belongings

One reason that renters’ insurance is so important is that there are many things that can happen that can ruin your belongings. There are accidents, tragedies, catastrophes, and other incidents that can leave you with nothing. With this insurance in place, your belongings can be replaced. When you get your renters’ policy, be sure to film or photograph everything in your rental so that you have proof of what you owned before the incident happened. 

Losing Your Home

Though it may be rare, there are many ways that a rented home can be destroyed or damaged beyond its livability. If your home is rendered unlivable, there is coverage in renters’ insurance that protects you against this. It will pay for other living accommodations and expenses like meals since you won’t have a place to cook. It’s valuable coverage that no one who rents should be without. 

Losing Your Money

This is a litigious society, and if someone were to have an accident or get sick in your home, they could sue and win. This would make you come up with all the money needed for their medical bills. To avoid this, liability coverage is included in renters’ insurance. It’s a good way to protect your future from serious financial trouble. 

Get Your Renters’ Insurance

If you rent and need this insurance, contact us at Keltner Insurance in Memphis, TN to talk about your rental and its insurance needs.