Reasons to Consider Renters Insurance

Reasons to Consider Renters InsuranceIf your initial reaction to renters insurance is to scoff at the very idea, perhaps you need to reread the benefits of renters insurance to get a clear understanding of the policy.

It does not take an expert with a Ph.D. in economics to see the gross distribution of wealth that currently plagues the U.S. This has forced many people to rent properties, rather than buy. But where people would normally purchase homeowners insurance, people all but refuse to purchase renters insurance. People believe their reasons justify their actions, but these justifications are based on false assumptions and misconceptions. Here are a few reasons as to why you should purchase rental insurance and include the expense into your budget.

  1. It’s cheaper than you probably think. Many people have it in their heads that renters insurance is an expensive coverage to own. This mentality has made over half of all renters to forgo renters insurance! But the truth is that renters insurance is rather cheap–generally less than refueling your car!*
  2. Better to be safe than sorry. An old expression that many of us take for granted. But despite how long this saying has been around, it doesn’t make it any less true. Your landlord may have insurance for falls and property damage, but what about your stuff? Your TV, game console, clothes, jewelry, computer, et cetera are all in danger without the proper renters insurance policy.
  3. A budget will be better for it. A budget allows you to allocate certain funds to sustain a way of life. A disruption in this cycle can force you to live on scarce materials, and a fire or theft can cause such a disruption. Live with peace of mind with a quality renters insurance.

For all of your renters and homeowners insurance needs to ensure your home or apartment is covered for all of your needs, contact Miller Insurance Associates in Carlisle, Pennsylvania.

*This is under the assumption you own a gas-powered vehicle.