If you are currently renting a home or apartment, hopefully, renters insurance is something you already have purchased. If not, we are glad you are here! 

Renters’ insurance is incredibly important, yet far too many people try to go without it. While some landlords or rental companies will require their tenants to purchase renters insurance coverage, others don’t. If you are renting without renters insurance your financial well-being could be at risk. 

Need some convincing? Let’s take a look at the top 5 reasons you should purchase renters insurance TODAY!

Pssst… Our team at Link-Hellmuth Insurance can help you purchase renters insurance in or around Springfield Ohio today!

1. Protect Your Belongings

In the event of an accident, fire, water damage, theft or other worst-case scenarios, the truth is having renter insurance will be cheaper than replacing all your personal belongings. If you don’t have renter insurance and you experience a fire you would be on the hook for paying for and replacing all your smartphones, smartwatches, laptops, tablets, TVs, gaming systems, clothing, furniture, shoes, and more. How much would that cost? Well, that depends but likely more than you have laying around to be spent. 

All of these personal belongings, and more, can be covered by a renters insurance policy.

2. Liability coverage 

Renters insurance will have you covered if someone gets hurt at your place. We know this may seem far fetched but this could include common scenarios like:

  • Your dog bit someone’s child.
  • You had some friends over for a party, and things got unruly.
  • Someone tripped and fell inside your apartment.

With a renters insurance policy, you can rest easy knowing you have coverage to protect yourself and your assets.

3. Your Landlord’s Insurance Won’t Cover You

While your landlord likely has insurance on the actual structure or the home or building you are renting, their insurance coverage will not extend to your belongings. 

4. Additional Living Expenses 

In the event your rental becomes unlivable due to an accident, repairs, construction, or other reasons without renter insurance you could be stuck with additional living expenses.

For example, if your monthly rent is $900, but you can’t live in your apartment for the next month while it’s being repaired, then your renter’s insurance policy would cover the additional living expenses beyond $900 that you incur while staying in a hotel, eating meals out, etc.

5. It’s affordable!

The best news yet! Renters’ insurance is extremely affordable. The average renter insurance premium is $15-$30 a month. This small monthly payment will pay for the coverage of all your belongings which likely adds up to thousands of dollars. If you ask us, that’s more than worth it!

Renters Insurance Near Springfield, Ohio

For more information on how renter insurance could benefit you or to purchase renters insurance contact our team at Link-Hellmuth Insurance. We will be sure you have the right amount of coverage at an affordable price. Trust us, in the event of an emergency, you will be happy you have renters insurance!