If you own real estate, it’s a no-brainer that you need home insurance. But what if you’re renting a home or apartment? In this case, you need renters insurance. Unfortunately, many renters look at this coverage as an option rather than a necessity. The team at Batesburg Insurance Agency wants you to know that renters insurance is a vital part of your overall financial plan. Here are four reasons why you need this coverage.
- It covers damages to your property. If a pipe bursts in your home, the landlord will pay to fix it. But they won’t pay to replace any of your personal belongings that suffered water damage. This is just one example of why renters insurance is a must-have.
- It covers damages to other people’s property. What if something you do causes damages to another tenant’s property? For example, you leave the bathtub water running and it overflows. The apartment below suffers water damage as a result. In this case, your renters insurance will cover your liability so you don’t have to pay out-of-pocket.
- It covers small losses that can really add up. If something happens to your apartment, it’s not just big-ticket items that will need to be replaced. You may need to buy things like new towels and new dishes. All of these routine household items can add up in a hurry. Many renters don’t think about these things and falsely believe they don’t have enough belongings to make coverage worthwhile.
- It’s not as expensive as you might think. Policy costs may vary depending on where you live and the amount of coverage you carry. But on average, you can protect your belongings for a few hundred dollars a year—or less.
And there’s even more good news: You can shop around to get the best coverage at the best rates. We make it easy at Batesburg Insurance Agency. We’re affiliated with Trusted Choice. This means we’ll do the work for you, checking with different carriers to get the absolute best price for your needs. Request an insurance quote today for your policy in Columbia, Lexington, West Columbia, Saluda, Chapin, and surrounding areas of South Carolina.