Are you renting a home in Platte City, MO? Maybe an apartment?
Or are you searching for a new place?
Here are 3 things renters insurance can do for you.
Your Belongings
Remember all of that stuff you just moved into your new place?
Your Landlord’s insurance doesn’t cover your personal belongings.
But my stuff isn’t worth much….
Take a minute and do a quick evaluation of your belongings. All of your clothes, furniture, electronics. Don’t forget things like your dishes and utensils. Small stuff adds up.
Maybe you have $10,000 – $20,000 of contents. If you lost it all today, can you afford to write a check to replace all of it?
TIP: Create a home inventory. Either on paper, with pictures, or take a video. One room at a time. Then save it in a safe place (a safe deposit box or in the cloud). If something happened to your home or apartment, you know where it is.
Personal Liability
You host a party for your girlfriends birthday where you serve alcohol. One of your friends cause an accident on their way home. When the dust settles, your friend looks to you for the damages.
Approximately 4.5 million dog bites occur each year in the United States. Who do you think will be responsible for those injuries?
In a rush, you leave your apartment, forgetting to blow out the candle in the living room. The candle causes a fire. Luckily it was only a partial loss. However, now your Landlord is holding you liable.
What do all of these have in common? Your personal liability. Renters insurance will pay for your legal defense up to the policy limits.
SEE ALSO: Looking for a new place in Platte City?
Loss of Use
That partial fire leaves your home unfit to live in. Contractors inform your Landlord it may be 6 months before you can move back in. Where will you live?
Loss of Use coverage will help you pay for expenses that are out of the ordinary while you’re displaced from your home. If you have to live in a hotel and eat at restaurants during that time period, Loss of Use will help you pay for those expenses.
Next Steps
Accidents happen. If you had a crystal ball to see into the future you wouldn’t have to worry about the sudden and unexpected. You would also probably have the Powerball numbers and move to a beach…
The average cost of renters insurance in Missouri is just shy of $15 per month.
What do you have to lose?
