|
|
Common Myths About Renters Insurance
Home » Insurance » Renters Insurance » Common Myths About Renters InsuranceAffordability myth: I hear renters insurance is too expensive.
For a small amount it month, a renters insurance policy can provide affordable basic protection or your personal property and can protect you in case of a liability lawsuit.
Landlord myth: The landlord's insurance will cover me.
Your landlord's insurance generally only covers the building where you live, not your personal belongings or your liability.
Responsibility myth: I don't need liability insurance.
Your landlord's policy will likely exclude liability for something that occurs in your rented residence. You could be held responsible for injury to another person or damage to another person's property if an incident occurred within your rented residence, or elsewhere. Without liability coverage, your current and future earnings could be at risk. Renters insurance may also provide legal defense costs.
Ownership myth: I don't own very much.
Most people's belongings are often worth more than they think. That's one reason why you need renters insurance. However, it is important to know how much you need.
Resources:
WWW.BUSINESS.COM
WWW.FREEADVICE.COM
WWW.INSURANCE.COUNTRYWIDE.COM
Related Renters Insurance Articles
- Do I Need Renters Insurance If I Don't Own The Property?
- What Is Rental Insurance And Why Do I Need It?
- What Coverage And Deductible Options Are Available For Renters Insurance?
- How Much Renters Insurance Coverage Do I Need?
- What Should I Take Into Consideration When Purchasing Renters Insurance?
- Common Myths About Renters Insurance