Do Renter’s Need Insurance?

Renting is a great housing option as it takes much of the work off your plate. Things like taxes and big maintenance jobs are not your responsibility. However, insurance is still a housing responsibility you must consider. At Acme Insurance Brokerage, we want to help renters in Amityville, NY better understand renters insurance and if they need it. Keep reading to learn more. 

Do I Need Renter’s Insurance?

Yes, although renter’s insurance is not required by law like auto insurance, this type of coverage is a wise investment. Renters should consider purchasing renter’s insurance to protect their personal belongings while living in the rental property. 

Will The Property Insurance Cover My Stuff?

Your landlord will have property insurance place for their rental property. Still, this type of insurance does not provide any coverage or reimbursement to you if your personal belongings are lost. You might lose personal belongings due to a fire, natural disaster, or burglary.

What Happens Without Renters’ Insurance?

If you do not have renters’ insurance in place and your items are lost in one of the ways listed above, the replacement or repair of those items will be your personal responsibility. Paying for these expenses out of pocket could financially burden you and your family. 

The solution is to talk with an insurance representative about renter’s insurance. This professional will be able to help you understand your options and how much insurance coverage you might need for your specific needs. 

If you would like to learn more about renter’s insurance or any of our other insurance products, please contact us at Acme Insurance Brokerage. We are currently serving residents in Amityville, NY, and the surrounding areas. We will be happy to help you today.