The Value of Renters Insurance

May 7th, 2015 — Martinson Agency LLC — Chaska, MN

Many renters aren’t prepared for a loss and worse, haven’t even considered how valuable their belongings actually are. Renters insurance is extremely affordable, especially when you consider how much you have to lose. As with any insurance policy, renters insurance covers certain things and not others. So, what does renters insurance cover?

Renters insurance will cover damage caused by a disaster. This may include fire, smoke, wind, lightning, explosions, electrical surges, snowstorms and certain kinds of water damage. Take a second to think about everything you would need to replace in the event of a total loss. Your wardrobe, electronics and furniture are only a few of the many things that would need to be replaced.

Theft is also covered. A standard renters insurance policy will cover your possessions in the event of thievery. For example, if someone breaks into your apartment and steals your television, Xbox and DVD player, you will be covered. In certain circumstances, theft will be covered away from your residence as well. An example of this would be if you were grabbing a pizza at Detello’s in Chaska and someone broke into your car and got away with your sunglasses and your iPad. This is NOT covered by your auto policy but rather your renters insurance policy.

A renters insurance policy will provide you with liability coverage as well. For example, if someone gets injured at your residence you could be liable. Renters insurance will help to cover any medical expenses, as well as expenses resulting from any lawsuits, related to the injury.

These are only a few of the many scenarios that renters insurance will cover. Just because it isn’t required by law doesn’t mean you should overlook the value and protection of a renters insurance policy. If you are a renter, don’t leave your insurance to luck! Call Martinson Agency in Chaska, MN today and get you and your family the protection that you need.

Don’t leave your insurance to luck! Call today!

Phone: (952) 314-4400

Email: jphagen@aibme.com