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House for rentYou hear a lot about homeowners insurance, but renters insurance is just as, if not more, important. Rental units are often less secure that houses. They have thinner doors, many don’t have dead bolts and most lack an adequate security alarm. Still not convinced? The average American renter owns approximately $20,000 worth of personal assets, which includes electronics, furniture, appliances, clothing, artwork etc. That’s a lot of stuff to protect.

Many people wrongly believe that their landlord provides enough coverage. Landlords are responsible for insuring the building structure and common areas; however, they are not responsible for insuring your personal belongings within the rental unit. That means that it’s up to you to buy your own renters insurance. In fact, some landlords even require their residents to show proof of insurance under the terms of the lease.

So, what exactly does renters insurance cover? Your policy is designed to cover your belongings in the event that they are lost, damaged or destroyed by a covered event (fire, windstorm, severe weather, theft etc.). Additionally, most renters insurance policies offer liability coverage to cover the expenses associated with the injury or property damage of a guest. Some policies may even cover the cost of temporary housing if your rental unit becomes temporarily uninhabitable following a covered event.

And the best part? A renters insurance policy is very affordable for any budget, typically costing less than $200 per year (or under $20 per month). Because of the low price tag, it’s recommended that you pay your annual premium in full to reduce the administrative fees that are often tacked on to each payment.

Just one break-in, fire or injured guest can cost several times the amount of your annual renters insurance premium, which makes this coverage extremely valuable for all renters.

Protect your possessions today. Call  843-519-2557 for more information on Florence renters insurance.

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CSP Insurance Services |
2420 Hoffmeyer Rd, Suite D | Florence, SC 29501
| Ph: 843-519-2557
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