Learn about all the coverages that renters insurance can offer you.

When most people decide that they do not need renters insurance, it is because they insist that they do not own anything of particular value. While renters insurance does offer coverage for the personal possessions that you keep in your rental, this isn’t the only benefit that comes from carrying a renters policy. Here are some of the other protections that renters insurance can offer you.

Loss of Use Coverage

What would happen to you if your rental were temporarily uninhabitable due to damages caused by a fire or another major disaster? Well, in most cases you would have to foot the bill for finding a temporary living situation. However, if you had renters insurance, your policy would offer loss of use coverage. This coverage would take care of the costs associated with living elsewhere while your rental was undergoing necessary repairs.

Personal Liability Coverage

Stop for a moment and imagine what would happen if someone injured him or herself while inside your rental. If someone slipped and fell, was bitten by your pet, or experienced some other accident, you might find yourself on the receiving end of a personal liability lawsuit. Luckily, if you had renters insurance, the personal liability coverage included in your policy would help you take care of the expenses associated with a lawsuit. While you might believe that you have little chance of being sued, keep in mind that lawsuits—even amongst the best of friends—are something that occurs regularly in today’s society. In reality, there’s not a lot you can do to avoid liability suits. That’s why it’s so important to have the right liability insurance to ensure that you have the necessary coverage to handle your legal and settlement fees.

These are some of the coverages included in a renters insurance policy. Interested in finding the right renters coverage to meet your needs? Turn to the professionals at Weaver & Associates in Arcadia, California. Our dedicated team is ready to assist you with all your coverage needs.  Contact us to get started today.