Common misconceptions about renters insurance.

About 50% of homeowners often decide not to purchase renters insurance to protect their personal property because they often bet that they’ll never fall victims of day to day perils like fire, burglary or theft. As a homeowner, it is vital to get renters insurance cover for your personal property both in and outside the home. Unfortunately, there are a number of misconceptions about renters insurance. Here are common myths about renters insurance and facts you should know.

I do not have many belongings that are worth the renter’s insurance cover

Most individuals have a common reason that they do not have property worth insuring. Given the fact that all rental properties are susceptible to perils, insurance expert’s advice that renters should not underestimate the value of their possessions since replacing the event of damages would be far much costly.

My landlord already covered for property threats.

As a renter, your landlord might get into an agreement with an insurance company to provide renters insurance but often at times, the insurance policies only protect the building itself and not the belongings. 

Renters insurance only covers my personal belongings

In as much as one may not care about his/her belongings, accidents may damage other tenant’s property or someone may get injured in your home which will be much more costly if you do not have a policy with the liability insurance option. Purchasing renters insurance can save you a number of costs since it covers a wide variety of items.

It is expensive

Most people have the perception that getting an insurance cover is very costly. Fact is, renters insurance is probably a preeminent arrangement in the insurance sector. Before making a choice on the policy you want to purchase, it’s important to get professional advice from an insurance agent with regards to your budget and policy premiums you can afford.

For more information about renters insurance and the quotes, visit our insurance experts us at Luebbering Insurance Agency LLC in Jefferson City, MO to help you find a suitable coverage that best suits your needs and budget.