Why Insurance Is Important When Being A Renter There are many inconvenient, sudden accidents and unfortunate occurrences that can wreak havoc on homeowners and renters alike. Acquiring and maintaining a homeowners policy is often a requirement when securing any kind of loans for a home should you not be paying cash for the total amount. Landlords will be required by a mortgage bank to maintain an insurance policy also. Besides protecting the property, insurance coverage will also cover any liability linked to the property itself. Renters personal property may not be covered at all within the landlords insurance coverage and renters will need to fully grasp this important fact. Mechanicsville Insurance can provide several options for renters allowing them to have coverage in addition to what the landlord has. Losing personal property in the event of a disaster is never the time for a renter to learn there is no coverage set up to replace personal belongings. A surprising number of renters have not taken advantage of Mechanicville insurance plans which are individually tailored to their needs as a renter. By some estimates, as many as two-thirds of renters are uninsured, leaving them in very vulnerable positions. Some renters could assume that they are already covered in some form or another by the insurance held by their landlord, while others yet don’t seem to comprehend the need for insurance of their own. Renters plans are available and renters do need to know they will need protection even when they are not the homeowner. Even when you are not the homeowner you frequently will have belongings in the home which it will need some level of coverage. Your stereo, your large television, any appliances you would possibly own, any furniture or electronics, and even your wardrobe are typical valuable personal belongings that renter’s insurance should cover in the event of theft or disaster. Renter’s insurance is also quite beneficial for liability issues such as if a repairman who visits the property trips over your household furniture or the cord of your lamp or your dog scratches him or nips at his ankle. If he decides to press charges against you, it’s your issue as the tenant, not the landlord’s issue. Being homeowners themselves, individuals who own condos are often lax in insurance coverage as are those individuals who rent homes or apartments. Most condominium groups have a master policy that may insure the condo structure buildings themselves in addition to any attempted civil actions against the association. This doesn’t do a great deal for the owners of the condominiums themselves. There isn’t a lot of pressure on condo owners to secure insurance so many of them go without because they assume they are protected under the master plan of the condominium association to which they are a part. The bottom line is, regardless if you are a homeowner, a condo owner, or just renting a property, it’s always a good idea to look into insurance to protect yourself and your family and your personal belongs from a myriad of accidents that could easily cause great inconvenience if something goes awry. Speak to an insurance provider that you trust and find an insurance plan that suits your needs. Since receiving the proper Mechanicville insurance policy is essential, find some good help by Brehm & Dobson Insurance Agency, LLC
Why Insurance Is Important When Being A Renter looking to Brehm and Dobson Insurance. Visit http://www.brehmanddobson.com/ to learn more specifics about Brehm and Dobson Insurance.
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Brehm & Dobson Insurance Agency, LLC
Published on Jan 23, 2014
Since receiving the proper Mechanicville insurance policy is essential, find some good help by looking to Brehm and Dobson Insurance. Visit...