When you live in a rented home, you need to have renters’ insurance to protect yourself and your finances. If you don’t have one of these important policies in place, call us right away at Kriener Insurance in Woodbury, MN to talk to an agent.
When you rent a home, chances are that everything you own is inside it. That makes it vital that you have a renters’ insurance policy. This type of policy protects you by covering your belongings against being ruined or destroyed. If an accident, calamity or disaster results in your items being seriously damaged or completely destroyed, your renters’ policy would help you to get them replaced. This is valuable for every renter so that they never find themselves without anything after a serious incident.
Covering Your Standard of Living
If you live in a rental, what happens to you if it is seriously damaged or destroyed? If you don’t have any insurance, chances are that you would be out of luck and have to try to come up with enough money to live elsewhere while the repairs were being made. However, with a renters’ policy, your policy will pay for you to move to a habitable address and to stay there until you can return to your rental. This allows you to keep a stand of living that is similar to what you had before the incident happened.
Protecting Your Finances
If you were to have someone in your rental that had an accident and became injured, you would likely be liable for their medical bills. If you don’t have renters’ insurance, you are likely to be sued for those bills. However, with a renters’ policy, those bills get paid by the policy, and no lawsuit is required.
Get Your Renters’ Policy
If you don’t have this policy in place, call us at Kriener Insurance in Woodbury, MN.
Based in Woodbury, MN, Kriener Insurance assists the community by helping residents find the insurance coverage that they need. We understand that each of our clients has a unique situation, which is why we are committed to making sure that they find coverage specifically designed to help their case.
Renters insurance ensures that you will be protected if something happens to your property. The policy covers all of your belongings inside of the property. You can amend the policy so that any guest items stolen while located at your home are also covered. If your property is damaged and needs to be repaired, the policy will cover you while you are lodging somewhere else. The policy also includes liability coverage to protect you if someone gets injured while visiting your property.
Renters Insurance Myths
While you are researching different policies, beware of some common renters insurance myths.
I Don’t Need Insurance.
Many renters believe that they don’t have items that are classified as valuable, so they don’t need insurance. That is a mistake. All of your belongings hold some value. In the event that your electronics are stolen, renters insurance provides a safety net.
I’m Covered Through My Landlord
Your landlord’s policy covers the physical property but does not cover your personal items. Therefore, it’s vital that you have a renters insurance policy to make sure that your items are protected in the event of a natural disaster.
I’m Careful With My Stuff, So I Don’t Need It.
You never know when circumstances happen that you can’t prepare for. There could be an accidental flood or fire. It’s crucial that you have coverage so that your property will be protected regardless of any situation.
Consult With Kriener Insurance
For more information on rental insurance policies, please stop by our office in Woodbury, MN.