Situations When Renters Insurance Will Save Your Wallet
Examples of Renters Insurance Coverages
For renters, insurance isn’t always a top priority. It seems like an extra expense that doesn’t make a lot of sense for a few belongings. Most of the time, it’s easy to forget about renters insurance once you’ve found your apartment or condo, moved in, and settled down. However, renters insurance can protect more than you may think. Take a look at a few real-life scenarios in which renters insurance in Thousand Oaks, CA can save the day.
Liability and legal. You’ve invited everyone over to watch the big game at yours. You’ve provided drinks, snacks, and all the necessary memorabilia. Your friend wanders into the kitchen to refill his drink when he slips and falls on the tile. He’s rushed to the hospital but faces medical expenses and days off work to recover. If he decides to sue, you could be on the hook for all associated costs as well as legal fees. Luckily, renters insurance can cover medical expenses and costs to cover your defense.
Belongings away from home. You’ve just landed in Miami. You dump your suitcase in your hotel room and then head out to explore and party. You get back to your room later that night to find that someone has stolen your luggage. Fear not, renters insurance can provide ‘off-premises’ coverage so that your belongings are covered.
Apartment disasters. You invited friends and family round for a Mexican-themed night at yours. You’re in the middle of making fajitas when the oil in the pan catches fire and destroys the stove and neighboring cupboards. Renters insurance can help repair the damage. If you need to move out of your apartment while it is being fixed, your policy may also help you to afford hotel room costs and restaurant expenses.
Are you convinced that you need renters insurance yet? Visit the professionals at Falsken & Associates Insurance Agency to get started!