Why do I need renters insurance?

It isn’t uncommon for many young adults to decide to rent a property before saving up to buy one. Renting a home, apartment, and town home is different than investing in buying, so you have to insure your property differently too. Many believe that your landlord provides renters insurance and that is true to a certain extent. The renters insurance that your landlord provides only covers the physical structure that you are renting. Many people overlook the idea that this does not cover the valuable items in your home. This is why it is a smart idea to invest in renters insurance when you are renting a property. With renters insurance, you can insure that the items in your rented property are covered in case of fire, theft, or any other unwanted events. In the case of a disastrous event to your rented property that destroys the physical structure, investing in renters insurance will help cover your living expenses in the after math of the event.

Now that you have a better understanding of why you may need renters insurance it is also beneficial to understand the finances along with it. Renters insurance is feasible on top of your other insurance policies. Maintaining your finances as a young adult can be tough enough, but adding a feasible renters insurance policy can give you peace of mind. Having a renter’s insurance policy will also help you understand the necessities of homeowners insurance when the time comes to buy a house. The agents at Spivey Insurance Group are here to answer all your questions about renter’s insurance. Call one of our agents today at 704- 821-4460.

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