You just moved out on your own, into your very first rental. You’re finally feeling like you have your life together, and you can brag to your parents that you aren’t just another millennial sleeping in their basement.
The true test of your independence, though, is whether you’ve protected yourself and your assets. The best way to do that? Invest in renters insurance! So, why should renters insurance be on your checklist for your first place? Unfortunately, even in the nicest of neighborhoods, theft is all too common. Despite common misconceptions, your landlord is not responsible for items that are damaged or stolen inside your home. They are only responsible for a loss of the building itself.
Aside from the fact that it might be a requirement (some landlords require you to have a renters insurance policy), renters insurance is an affordable way to protect your belongings. You might think you don't have enough valuable items to insure, but adding up the value of clothing, jewelry, electronics, furniture, etc., can reach thousands of dollars fairly quickly. The average renter owns about $20,000 worth of personal property... but the average cost of renters insurance in the state of Florida is only about $12 a month.
Renters insurance can protect you from a number of different damages, including:
- Water damage
- Vandalism or theft
- Fire or lightning
- Riot or civil commotion
- Windstorm or hail
You’re also protected with renters insurance even if you’re not in your home. Whether you’re traveling or just down the street, anything that happens to your personal belongings may be covered by your renters insurance policy.
If you still aren’t quite convinced that you need renters insurance, give us a call! We’re here to talk you through your situation and help you discover how much a policy will cost you.
If you're looking for an insurance agent in Central Florida, reach out to us at Harrell Agency Services! We're proud to be your go-to insurance agent in Central Florida.