When you rent a place, the idea of obtaining insurance for renters could be far from your thoughts. However, it is highly important to equip your valuable belongings with protection against potential threats.
Regardless if 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, individuals think they will be covered under their landlord's insurance policy. But, this is often not the case.
Landlord's insurance generally covers the building and any appliances or fixtures. But, this does not include a renter's personal possessions in case they were damaged or stolen.
In essence, if a disaster like a fire, burglary or flood damages or destroys your belongings, you would bear the cost for their replacement, unless you have a renters insurance policy to cover you.
Getting insurance for tenants can also ensure protection from liability claims. For example, if a guest gets hurt while renters insurance visiting your rented home and decides to sue, your renter’s insurance policy can cover legal costs and any awarded damages.
To sum up, renters insurance offers much-needed protection for renters, and might be a worthy part of your budget. Whether you rent in Columbia SC’s downtown or in its suburbs, it’s certainly feasible to protect your belongings with the right renters insurance.