While the government doesn’t require anyone to carry homeowners’ insurance, your mortgage company may need you to purchase coverage to protect the property and your personal belongings. Even when it’s not required, most people know the importance of carrying insurance on their residence. But what about when you don’t own the home? Yes, you can purchase insurance for your home even if you lease your living space.
As a renter, you face the same risks as a homeowner. When disaster strikes, it doesn’t matter whether you own or lease the home. You need an insurance policy that can protect you from financial loss in the event of an incident that results in the loss or damage of property in your leased home. That’s what renters’ insurance does. Perry Insurance Agency in Vernal, UT can help you get a renter’s insurance policy to protect your personal items in a rented living space.
What Does Renters’ Insurance Cover?
Note that the insurance provided by the home association or your landlord only covers the building structure, not your personal belongings. Renters insurance covers any loss or damage to personal items when you are living in a rental space. On top of that, the coverage also provides liability in case someone sustains an injury due to an accident in your house and decides to sue. Renters insurance is meant to rescue you in times of disaster, just like homeowners’ insurance.
Imagine losing all your furniture, clothes, and other items due to a fire or any other unfortunate occurrence. A renters’ insurance policy will help you recover from such losses. Getting renters’ insurance is a smart investment, even if you are just starting out. If you are looking for renters’ insurance coverage in Utah or one of the other 23 states we write policies for, Perry Insurance Agency in Vernal, UT can help you get coverage that guarantees protection for your personal belongings in a rental space. Give us a call for more information.