It’s easy to overlook renters insurance. After all, you aren’t required to purchase renters insurance when you lease a home or apartment like you are required to do when you purchase a home with a mortgage loan. But this is one type of coverage you don’t want to skip.

Renters insurance is an affordable way to protect you and your family from financial disaster. Most renters do not realize that the typical landlord’s policy provides no benefits at all to tenants. While your landlord may have insurance to protect their rental property, that policy will not replace your personal possessions in the event of a fire or other disaster.

Renters insurance protects renters in two important ways:

• Personal Possessions. Standard renters insurance coverage protects a renter’s personal belongings against damage from fire, smoke, lightning, vandalism, theft, explosion, windstorm, water and other disasters that are listed in the policy.
• Liability. Standard renters insurance policies provide liability protection against lawsuits for bodily injury or property damage that you or your family members cause to other people. It also pays for damage your pets cause. This is a vital coverage that can help you avoid financial disaster should someone be injured on the property that you are leasing or you or your pets unintentionally cause others harm. At Insurance Quarterback, we can help you find the best renters insurance policy for your family and budget — in minutes. Just go to our website to get started!