Renter’s Insurance
AN OVERVIEW
Whether you are renting a home or an apartment, you will require renter’s insurance policy to protect your belongings. Having a renter’s insurance policy can help you cover your losses as well. Rider Insurance is an independent insurance company that provides renters insurance in Maryland. Clearly, there are many advantages of investing in a renter’s insurance policy.
Let’s Dive into Some Good Reasons to Get Renter’s Insurance: 01 Covers Losses to Personal Property 02 It’s Relatively Affordable 03 It Provides Liability Coverage 04 It May Cover Additional Living Expenses
Covers Losses to Personal Property
Having a renter’s insurance policy provides coverage against financial losses to your personal property including jewelry, clothes, computers, luggage, electronics, and furniture. In fact, if you don’t own much things, you will get a lot more than you even realize.
A Few Things That Renters’ Insurance Policy Covers Are: ● Damage caused by vehicles ● Damage caused by aircraft ● Falling Objects ● Explosion ● Volcanic Eruption ● Vandalism or Malicious Mischief ● Smoke ● Theft ● Riot or Civil Commotion ● Windstorm or hail
It’s Relatively Affordable
According to a recent survey report by the National Association of Insurance Commissioners, the average renter’s insurance policy costs $15 to $30 a month. However, the cost may vary depending on factors like type of coverage, location and more.
It Provides Liability Coverage
Liability coverage is also included in standard renter’s insurance policies. A majority of renter’s insurance policy provides at least $100,000 of liability coverage.
It May Cover Additional Living Expenses
The best part is that renter’s insurance policy provides coverage against additional living expenses. Certainly, one should definitely invest in renter’s insurance policy.
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