When it comes to renters insurance, it is not the outside, but the inside that matters most. Even if you do not own your apartment or rental house, it is still your home. Chances are you have carefully decorated and furnished it, and maybe even invited a few friends over for a dinner or two. Unfortunately, all of these things put you at risk and make you financially vulnerable to accidents and losses. With renters insurance, you can trust that you are covered even when disaster strikes.
Renters insurance is not coverage for your landlord; it is protection for your personal belongings and your income. Your landlord’s insurance policy is designed to cover damages to your rental unit. Your apartment’s contents and the accidents that happen inside of it, however, are your responsibility. If a friend accidentally cuts herself on a knife in your kitchen or a fire destroys all of your furniture and clothing, the financial burden is on you – not your landlord.
How Much does it Cost to Start Over?
Whether you recently signed the lease on your first apartment or have been renting for years, you might be surprised to learn how much it costs to rebuild your life after an accident. A quick inventory of your belongings is likely to reveal thousands of dollars in replacement value, most likely from:
- Your wardrobe
- Jewelry
- Electronics
- Furniture
- Rugs, curtains, and textiles
- Linens
- Mattresses
- Wall décor
- Small appliances
- Washer and dryer
- Kitchenware
- And more
Liability Exposure
Even if you never suffer an incident that destroys your belongings, your income and assets could still be at risk. When a guest is injured inside your rental unit or a victim is injured or suffers loss as a result of your personal activities, such as biking, you could be held responsible. Bodily injury lawsuits can add up to hundreds of thousands of dollars. If you do not have that kind of cash in the bank, you could face wage garnishment on future income.
Renters Insurance in Manitowoc, WI
Renting has its perks, and affordable renters insurance is one of them. The average renters insurance policy costs much less than other types of personal property insurance. In fact, most renters can cover themselves and their belongings each month for less than the cost of dinner and a movie. We work with carriers who offer renters coverage for:
Liability
Available to cover victim medical bills, personal property losses, lost wages, and more after an accident on your property. Covered incidents can also include those caused by a member of your household, such as a child or a pet.
Personal Belongings
Coverage for your possessions if they are damaged or stolen as a result of burglary, natural disaster, fire, or other covered events. With renters insurance, there is no need to grab everything you own when you smell smoke in your building; just grab the cat and go!
Emergency Displacement Coverage
When your rental unit is uninhabitable, your renters insurance can help cover temporary living expenses such as lodging and restaurant meals while you are displaced.
Free Renters Insurance Quotes
If you lease an apartment, townhome, or house in the Manitowoc area, turn to Dennis Gutman Insurance for your renters insurance quote. We will shop and compare policies from multiple carriers until we find a competitive rate on the coverage you need. We can even show you how to maximize your savings by combining renters insurance with other lines of coverage, such as your auto insurance.
Call us today for more information or to request your free quote. We look forward to serving you soon.
