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Renter’s Insurance

Category: Tenant Rights & Laws Published: Sunday, 21 September 2014 Written by ATA Admin

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Renter’s Insurance:

 

 

We at the Allentown Tenant Association recommend all renters to get renter's insurance. Renter's insurance is fairly cheap and is worth having if something should happen to your apartment or personal belongings.

Five Reasons Why You Need to Protect Yourself with Renter’s Insurance:

1. Renter’s insurance will cover the cost of belongings lost in a fire, due to lightening, a windstorm, or hailstorm.
2. Renter’s insurance can protect you from theft.
3. If your home is damaged and uninhabitable, renter’s insurance can cover the cost of other living arrangements.
4. Renter’s insurance covers the costs of accidents that occur on a renter’s property.
5. If a person loses important items while traveling, renter’s insurance can cover that too.

Truth is, renter’s insurance is a fraction of the cost of homeowner’s insurance and depending on the coverage you need, you may find the cost is pretty low (could be from about $100 and up a year, depending on your needs).

And with many insurance companies, if you bundle your renter’s insurance with something like automobile insurance you will probably get a discount. Also check with your employer and see if there are any company discounts on insurance plans.

The cost of the insurance will be well worth it should something happen to your apartment!

 

 

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