Renting a home or apartment has become a popular option for many people. Individuals who do not want the financial responsibility of home ownership may choose to rent. People often think they don’t need renters insurance because they choose to live minimally and have few possessions. However, they might not realize how expensive it would be to replace the items they do have. Renters insurance is a cost-effective way to protect yourself against costly losses if a hazard occurs. At Kriener Insurance in Woodbury, MN, we can help you get the insurance coverage you need while renting your living space.
Everyday Items Cost Thousands To Replace After A Loss
Fire, theft, or vandalism can be an upsetting event, but it can also be expensive. You may have designer clothing that would be a significant expense to replace. You may have high-end electronic equipment that you depend on for work or for your own personal use that would make a big dent in your savings to replace. Sports or gym equipment can be a significant expense to replace after a loss event. If you have jewelry, furs, or artwork, you would have a significant loss if you had to replace these items on your own. That’s why renters insurance makes so much sense. If an unexpected loss occurs, you are not left with the full cost of restoring your possessions.
What Does Renter Insurance Cover?
Many renters think their landlord’s insurance will cover their possessions if a loss occurs, but this is not the case. Renters insurance covers such items as clothing, shoes, furniture, electronics, appliances, home linens, hobby equipment, musical instruments, bicycles, and kitchen equipment. Your renter’s insurance policy also provides funds for alternative living costs while your apartment is being repaired and restored, which also helps to limit your costs when a loss occurs.
Renters Insurance Also Protects Your Finances
Renters insurance also provides liability coverage in case someone is hurt while on your property. Insurance coverage can protect you against expensive lawsuits resulting from a fall, a dog bite, or other accidents.
Make Kriener Insurance Your Agent For Renters Insurance
If you have questions about renters insurance coverage, you can rely on our experienced agents in Woodbury, MN to provide the answers you need to make the right decision. We offer many insurance products for our clientele, including auto, home, watercraft, health, and life. Contact Kriener Insurance today for a no-obligation quote on renters insurance that will help you avoid expensive replacement costs in case of a loss event.