What Are The Benefits Of Having Renters Insurance?
37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaThere are three benefits to renter’s insurance. In many cases it is required by your landlord and that satisfies the landlord. It gives you peace of mind knowing that in the event of damage from a long list of perils, your property will be replaced. If you are sued you know that the company will defend you to the limits of the policy. Then if you do have that claim you will be able to get on with life without serious loss.Answered on August 28, 2014flag this answer
21750 POINTSview profileJim WinklerCEO/Owner, Winkler Financial Group, Houston, TexasThat is a great question! The best reason to have renter's insurance is that they pay to replace the things that you have that become stolen or destroyed. Most of us do not have that kind of money. Another is that if your apartment was unlivable due to damage, the policy often covers your stay at a hotel until adequate repairs have been made. The last, and probably best benefit is that it is one less thing to have to worry about. I hope that helps, thanks for asking!Answered on August 29, 2014flag this answer
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