When you rent a place, it might not cross your mind to get renters insurance. Nonetheless, renters insurance is essential to equip your valuable belongings with protection against potential threats.
Whether you rent a house in a quiet suburb or have an apartment in the heart of Columbia SC, it's essential to have renters insurance. Most of the time, renters conclude that their landlord's insurance will cover their losses. But, this is a common misconception.
Landlord's insurance generally covers the building and any appliances or fixtures. But, it does not protect the renter’s personal items in the event they suffer from damage or theft.
That is to say, if a potentially damaging event like a fire, theft or flood occurs, you would bear the cost for their replacement, unless you have insurance for renters.
Investing in coverage for renters will provide protection against potential liability claims. Let’s say, if a guest gets hurt while visiting your rented home and they decide to sue you, your insurance can help cover the legal expenses and potential payouts.
To sum up, the protective benefits of renters insurance are significant for renters, and it could be a valuable investment. Whether you rent in Columbia SC’s downtown or in its suburbs, it’s certainly renters insurance feasible to protect your belongings with the right renters insurance.