Reasons For Renters Insurance

Think renters insurance is an extra that you can get by without? Then, consider these scenarios:

• Your apartment floods, and all of your belongings are destroyed in the process.

With Renters Insurance: You receive a check to replace everything that you lost – food, clothes, furniture, electronics – the whole nine.

Without Renters Insurance: You suffer the pain of losing everything AND the pain of having to replace everything.

• Your friend trips and breaks her arm while at your apartment.

With Renters Insurance: Your insurance company pays your friends medical bills; and, since she decides to sue you (some friend), they handle that too.

Without Renters Insurance: You’re on the hook for her medical bills and the lawsuit. Nice!

• Someone breaks in and steals your brand new flat panel TV and your computer.

With Renters Insurance: You get reimbursed for the value of the TV and the computer, so you can go out and buy replacements right away.

Without Renters Insurance: You get to stare at the wall until you’re able to save up for a replacement TV, and your tweeting days are over.

• A fire ravages your apartment, and it’s deemed unfit to live in.

With Renters Insurance: You receive money to cover your temporary housing expenses (and perhaps a few meals too).

Without Renters Insurance: You have to pick up the tab for your temporary digs and your Ramen.

• While out playing ball with a friend, you send a curve ball straight through your neighbor’s window.

With Renters Insurance: The window is replaced at no cost to you.

Without Renters Insurance: You’ve got to cough up the money for the repair, and you get deal with the grouchy neighbor. Good luck with that one.

• Someone swipes your laptop out of your car.

With Renters Insurance: You get a quick, no-hassle replacement, since your stuff is covered even when you’re away from home.

Without Renters Insurance: You lose your files, and you have to fork over a bunch of cash for a replacement computer. Painful.

• An electrical surge wipes out your TV and your computer.

With Renters Insurance: You file a claim and receive a check right away. Time to go shopping!

Without Renters Insurance: You’re stuck with a broken TV and a broken computer – and no one cares.

Ready to get that renters insurance now? Refer to the American Insurance Association website for a list of insurance companies that you can trust. (with “American Insurance Association website” linked to: http://www.aiadc.org/aiapub/)

Steve Wyrostek – RentersInsurance.org Expert A 20 year plus veteran of the insurance industry, Steve managed departments in the personal and commercial lines areas of major insurers. He’s familiar with how insurance—ranging from boat to workers compensation—works.