The Importance of Renters Insurance

Renting a house or apartment may be on the rise these days, but buying renters insurance is not. Just 31 percent of today’s renters have coverage compared with 96 percent of homeowners. Considering renters experience 50 percent more burglaries than homeowners, not having insurance is scary.

One reason many renters neglect to get insurance is because they falsely assume their landlord’s policy covers their belongings for theft or disaster. In reality, it typically only covers the landlord’s property.

A good renters insurance policy will have several key coverages. It should cover your personal property wherever it is, additional living expenses you incur if you have to relocate after a loss makes your rental uninhabitable and medical payments coverage. A good renters insurance policy should also include personal liability coverage for accidents you’re held liable for both in and away from your rental. For a free Pennsylvania Renters Insurance quote contact a Kimberley Vassal Insurance agent today, http://www.kimberleyvassal.com. 

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